Basic Information

  • MLS # A11572661
  • Type Multi Family
  • Status Closed
  • Year Built 1972
  • Total Size 20,501 Sq.Ft / 0.47 Acre
  • Date Listed 04/22/2024
  • Days on Market 332
Description

Exceptional investment opportunity in Hollywood, Florida! A 12-unit apartment building promises immediate revenue growth, with units currently leased 35% to 40% below market rates. What sets this property apart is its approved zoning by the City of Hollywood, paving the way for a new 4-floor structure to be built. This expansion would increase income by aligning rents with market rates and adding more units. Positioned in a prime location, the property is conveniently close to the beach, restaurants, shops, nightlife, and highways.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Multi Family

Interior Features

  • Adjusted Sqft 0.47 AcreSq.Ft
  • Sqft 0.47 Acre Sq.Ft

Property Features

  • Address 2314 Polk St
  • Aprox. Lot Size 20,501
  • Furnished Info no
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $33,050
  • Tax Legal desc HOLLYWOOD LITTLE RANCHES 1-26 B LOT 15 BLK 7
  • Tax Year 0
  • Type of Property Multi Family

2314 Polk St

Hollywood, FL 33020

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Apex International Realty, LLC.. tel: 305-389-0473

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