2314 Polk St, Hollywood, FL 33020

Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
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2314 Polk St,Hollywood, FL 33020
$2,900,000
Virtual Tour
  • - Beds
  • - Baths
  • 7,632 sq. ft.
  • Multi-family
  • Active
Listed by:elior levi
Office:fausto commercial realty consultants inc
MLS#:A11847092
Source:SEFMLS

Price summary

  • Price:$2,900,000
  • Price per sq. ft.:$379.98

About this home

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.

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Home facts

  • Year built:1972
  • Listing Id #:A11847092
  • Updated:August 15, 2025 at 09:55 AM

Rooms and interior

  • Living area:7,632 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Roof:Shingle
  • Year built:1972
  • Building area:7,632 sq. ft.

Utilities

  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,900,000
  • Price per sq. ft.:$379.98
  • Tax amount:$36,984 (2024)
Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.

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