About 2314 Polk St
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.
Features of 2314 Polk St
| MLS® # | A11847110 |
|---|---|
| Price | $2,900,000 |
| Bathrooms | 0.00 |
| Acres | 0.47 |
| Year Built | 1972 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | Active Under Contract |
Community Information
| Address | 2314 Polk St |
|---|---|
| Area | 3050 |
| City | Hollywood |
| County | Broward |
| State | FL |
| Zip Code | 33020-6757 |
| HOPA | No Hopa |
Amenities
| Parking | Assigned |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Ceramic Tile, Other, Tile, Vinyl |
|---|---|
| Heating | Central |
| Cooling | Other, Central Air |
| Fireplace | No |
| # of Stories | 1 |
| Stories | One |
Exterior
| Roof | Shingle |
|---|---|
| Construction | Block |
Listing Details
| Office | Fausto Commercial Realty Consultants Inc |
|---|