2314 Polk St ,Detached, Quadruplex, Hollywood Little Ranches for Sale

2314 Polk St for Sale

Price $2,900,000.00

• Lot size 7632
• Year Build 1972
• Waterfront
• Zip 33020
• Style Detached
• Parking Description
• Pool Yes
• Status Active With Contract

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.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=

HOLLYWOOD LITTLE RANCHES 1-26 B LOT 15 BLK 7

1/4 To Less Than 1/2 Acre Lot

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.

City:Hollywood,Zoning:TC-1,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Flooring:1:Tile,2:Vinyl,Latitude:26.0120755,Cooling Y N:1,Heating Y N:1,List Price:2900000,Listing Id:A11847092,Longitude:-80.1533271,Mls Status:Active With Contract,Year Built:1972,Living Area:7632,Postal Code:33020,Street Name:Polk St,Contingency:Pending Inspections,Coordinates:1:26.0120755,Photos Count:28,Building Name:HOLLYWOOD LITTLE RANCHES,Days On Market:19,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:3050,M L S Area Major:Hollywood Little Ranches,On Market Date:2025-08-03,Parcel Number:514216013280,Parking Total:18,Property Type:Residential Income,Rent Includes:1:Other Rent Incl,2:Pest Control,3:Sewer,4:Trash Collection,5:Water,Stories Total:1,Street Number:2314,M I A M I R E_ Style:Fourplex,Public Remarks: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.,Structure Type:1:Fourplex,County Or Parish:Broward County,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active Under Contract,Living Area Units:Square Feet,Major Change Type:Active Under Contract,Postal Code Plus4:6757,Property Sub Type:Quadruplex,State Or Province:FL,Subdivision Name:HOLLYWOOD LITTLE RANCHES,Tax Annual Amount:36984,Unparsed Address:2314 Polk St, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:7632,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:379.979,Original List Price:2900000,Public Survey Range:51,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Number Of Units Total:13,Syndication Remarks: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.,Listing Contract Date:2025-08-03,Originating System I D:miamire,Public Survey Section:16,Showing Instructions:Call Listing Agent,Street Number Numeric:2314,Tax Legal Description:HOLLYWOOD LITTLE RANCHES 1-26 B LOT 15 BLK 7,Public Survey Township:51,Construction Materials:1:Concrete Block With Brick,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:7632,M I A M I R E_ Internet Remarks:Please visit Fausto Commercial,Contract Status Change Date:2025-08-22,Internet Address Display Y N:1,Number Of Units In Community:3,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:379.98,Internet Automated Valuation Display Y N:1,