2847 Polk St ,Triplex, Hollywood Little Ranches for Sale

2847 Polk St for Sale

Price $499,000.00

• Lot size 2294
• Year Build 1946
• Waterfront
• Zip 33020
• Style Detached, Ranch
• Parking Description
• Pool Yes
• Status Pending

Description

Excellent Investment Opportunity in the heart of Hollywood, an area undergoing a vibrant revitalization & development boom. Priced strategically below market value, this TRIPLEX occupies a prime location: between I-95 & US-1 & 1 block north of Hollywood Blvd. It sits on a large 10,252 SF fenced lot on a quiet residential street. Zoned Multifamily, up to 4 floors & Max Built Area Allowed of 15,378 SF. Main building is a 1,340 SF duplex with a 2/1 unit & a 1/1 unit. Detached cottage is a 487 SF studio. Short & Long Term rentals allowed. Once rehabbed, it could potentially yield over $65K in annual rental income. Minutes to beaches, shopping, dining, and FTL airport. This is the perfect time to own a valuable piece of this highly sought after real estate market & add to your rental portfolio.

Property being sold AS IS. The two buildings will require a COMPLETE REHAB for use as an incoming producing triplex that's why it's priced below market value. Broker does not guarantee/warrant the accuracy/reliability of any information, pls independently verify all info provided. Proof of funds must accompany all offers. Building entry ONLY allowed when LA accompanied. Text or Call LA to schedule showing

HOLLYWOOD LITTLE RANCHES 1-26 B LOT 6 W1/2 BLK 41

Less Than 1/4 Acre Lot

Excellent Investment Opportunity in the heart of Hollywood, an area undergoing a vibrant revitalization & development boom. Priced strategically below market value, this TRIPLEX occupies a prime location: between I-95 & US-1 & 1 block north of Hollywood Blvd. It sits on a large 10,252 SF fenced lot on a quiet residential street. Zoned Multifamily, up to 4 floors & Max Built Area Allowed of 15,378 SF. Main building is a 1,340 SF duplex with a 2/1 unit & a 1/1 unit. Detached cottage is a 487 SF studio. Short & Long Term rentals allowed. Once rehabbed, it could potentially yield over $65K in annual rental income. Minutes to beaches, shopping, dining, and FTL airport. This is the perfect time to own a valuable piece of this highly sought after real estate market & add to your rental portfolio.

City:Hollywood,Roof:1:Shingle,Zoning:MC-1,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2022,Flooring:1:Terrazzo,2:Tile,3:Vinyl,Latitude:26.0124094,Cooling Y N:1,List Price:499000,Listing Id:A11475247,Longitude:-80.1651636,Mls Status:Pending,Year Built:1946,Directions:Take I-95 & exit on Hollywood Blvd going East. Left at N 24th Ave. Left at Polk St. Property is on right hand side.,Living Area:1827,Postal Code:33020,Street Name:Polk St,Coordinates:1:26.0124094,Photos Count:23,Building Name:HOLLYWOOD LITTLE RANCHES,Listing Terms:1:Cash,Lot Size Units:Square Feet,M L S Area Major:Hollywood Little Ranches,On Market Date:2023-10-29,Parcel Number:514216026490,Parking Total:2,Property Type:Residential Income,Stories Total:1,Street Number:2847,M I A M I R E_ Style:Triplex,Public Remarks:Excellent Investment Opportunity in the heart of Hollywood, an area undergoing a vibrant revitalization & development boom. Priced strategically below market value, this TRIPLEX occupies a prime location: between I-95 & US-1 & 1 block north of Hollywood Blvd. It sits on a large 10,252 SF fenced lot on a quiet residential street. Zoned Multifamily, up to 4 floors & Max Built Area Allowed of 15,378 SF. Main building is a 1,340 SF duplex with a 2/1 unit & a 1/1 unit. Detached cottage is a 487 SF studio. Short & Long Term rentals allowed. Once rehabbed, it could potentially yield over $65K in annual rental income. Minutes to beaches, shopping, dining, and FTL airport. This is the perfect time to own a valuable piece of this highly sought after real estate market & add to your rental portfolio.,County Or Parish:Broward County,Expiration Date:2024-10-08,List Office Name:Coldwell Banker Realty,Private Remarks:Property being sold AS IS. The two buildings will require a COMPLETE REHAB for use as an incoming producing triplex that's why it's priced below market value. Broker does not guarantee/warrant the accuracy/reliability of any information, pls independently verify all info provided. Proof of funds must accompany all offers. Building entry ONLY allowed when LA accompanied. Text or Call LA to schedule showing,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4228,Property Sub Type:Triplex,State Or Province:FL,Subdivision Name:HOLLYWOOD LITTLE RANCHES,Tax Annual Amount:2463,Unparsed Address:2847 Polk St, Hollywood FL 33020,Listing Agreement:Exclusive Agency,Year Built Details:Resale,Building Area Total:2294,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:273.1253,Original List Price:499000,Public Survey Range:51,Architectural Style:1:Ranch,I D X Participation Y N:1,Syndication Remarks:Excellent Investment Opportunity in the heart of Hollywood, an area undergoing a vibrant revitalization & development boom. Priced strategically below market value, this TRIPLEX occupies a prime location: between I-95 & US-1 & 1 block north of Hollywood Blvd. It sits on a large 10,252 SF fenced lot on a quiet residential street. Zoned Multifamily, up to 4 floors & Max Built Area Allowed of 15,378 SF. Main building is a 1,340 SF duplex with a 2/1 unit & a 1/1 unit. Detached cottage is a 487 SF studio. Short & Long Term rentals allowed. Once rehabbed, it could potentially yield over $65K in annual rental income. Minutes to beaches, shopping, dining, and FTL airport. This is the perfect time to own a valuable piece of this highly sought after real estate market & add to your rental portfolio.,Listing Contract Date:2023-10-29,Originating System I D:miamire,Public Survey Section:16,Showing Instructions:Call Listing Agent,List Agent Must Accompany,See Broker Remarks,Street Number Numeric:2847,Tax Legal Description:HOLLYWOOD LITTLE RANCHES 1-26 B LOT 6 W1/2 BLK 41,Public Survey Township:51,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:1%,Contract Status Change Date:2023-10-29,Internet Address Display Y N:1,Number Of Units In Community:3,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:273.13,