2314 Polk St, Hollywood, FL 33020
- $2,900,000
- Sold Price
- $2,900,000
- List Price
- $2,900,000
- Closing Date
- Mar 12, 2026
- MLS#
- A11847110
- Status
- CLOSED
- Type
- Commercial
Property Description
We are pleased to present 2314 Polk St, a fully occupied 13-unit multifamily asset just minutes from Young Circle and Downtown Hollywood. The property features ten 1-bed units, two 2-bed units, and one studio—offering strong rental stability and demand. Recent upgrades include a new roof, central A/C, exterior paint, landscaping, and several renovated interiors. Additional income comes from coin laundry, and there is ample on-site parking. All leases are month-to-month with rents \~33% below market, allowing immediate upside. The property operates at a 5.5% cap rate with a 7% pro forma. Sitting on a 20,000 SF lot with favorable zoning, the site allows redevelopment of up to 37 units—making this a prime opportunity for investors and developers.
Additional Information
- Days on Market
- 19
- Water Access
- Building & Land
- Parcel Number
- 514216013280
- Lot Size
- 20,501
- Address
- 2314 Polk St, Hollywood
- Year Built
- 1972
- Section
- 16
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Listing Courtesy of Fausto Commercial Realty Consultants Inc, Contact:
Selling Office: Keller Williams Realty Profess.