2314 Polk St, Hollywood, FL 33020 - MLS#A11847110 - Kate Zhurko

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Kate Zhurko

kate.zhurko@compass.com +1(954) 734-5980

$2,900,000

Est. payment - /mo

7,632 SqFt

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Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 7,632 sqft

Price per Sqft $379

MLS Listing ID A11847110

HOA Y/N No

Year Built 1972

Contingent Pending Inspections

Lot Size 0.470 Acres

Acres 0.47

Property Sub-Type Multi Family

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.

Location

State FL

County Broward

Area 3050

Interior

Heating Central

Cooling Other, Central Air

Flooring Ceramic Tile, Other, Tile, Vinyl

Exterior

Roof Type Shingle

Private Pool Yes

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block

Others

Tax ID 514216013280

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11847110

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Miami Association of Realtors (SEFMIAMI MLS)

Listed by Fausto Commercial Realty Consultants Inc

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Kate Zhurko

+1(954) 734-5980

Broker Associate | License ID: 3229050

Broker Associate License ID: 3229050

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2314 Polk St Hollywood, FL 33020

Kate Zhurko

Key Details

Location

Interior

Exterior

Building

Others

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