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2314 Polk St, Hollywood FL 33020, Hollywood, Broward County, Residential Income

  • $2,900,000

Overview

Property ID: A11847092
  • Quadruplex
  • Property Type

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.

  • Address: Polk St
  • City: Hollywood
  • State/county: Broward County
  • Zip/Postal Code: 33020

Details

Updated on August 3, 2025 at 9:46 pm
  • Property ID A11847092
  • Price $2,900,000
  • Property Size 7632 Square Feet
  • Year Built 1972
  • Property Type Quadruplex
  • Property Status Residential Income

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