2314 Polk St, Hollywood FL 33020 | A11847092 | Broward County
- $2,900,000
- Quadruplex
- 7632 Square Feet
2314 Polk St, Hollywood FL 33020 | A11847092 | Broward County
- $2,900,000
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
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Address: Polk St
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City: Hollywood
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State/county: Broward County
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Zip/Postal Code: 33020
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Area: HOLLYWOOD LITTLE RANCHES
Details
Updated on August 3, 2025 at 11:15 pm-
Property ID A11847092
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Price $2,900,000
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Property Size 7632 Square Feet
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Year Built 1972
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Type Quadruplex
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Property Status Residential Income
Additional details
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ArchitecturalStyle Detached
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BuildingAreaTotal 7632
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BuildingAreaUnits Square Feet
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BuildingName HOLLYWOOD LITTLE RANCHES
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ConstructionMaterials Concrete Block Construction,Concrete Block With Brick
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ContractStatusChangeDate 2025-08-03
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Cooling Central Air
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DaysOnMarket 0
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DocumentsAvailable Other Available Information,Rent Rolls
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Flooring Other,Tile,Vinyl
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Heating Central
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InternetAddressDisplayYN 1
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InternetAutomatedValuationDisplayYN 1
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InternetConsumerCommentYN 1
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InternetEntireListingDisplayYN 1
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ListAOR A-Miami Association of REALTORS
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ListAgentDirectPhone 954-743-7594
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ListAgentEmail elevi@faustocommercial.com
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ListAgentFullName Elior Levi
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ListAgentKey 1935ebadec8c69d7a6e4620d2dae77a8
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ListAgentMlsId 3574869
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ListAgentOfficePhone 954-743-7594
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ListAgentStateLicense 3574869
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ListOfficeFax 305-675-0365
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ListOfficeKey 7cfc112ff185580637392301ab94285c
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ListOfficeMlsId FAUS01
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ListOfficeName Fausto Commercial Realty Consultants Inc
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ListOfficePhone 954-743-7594
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ListingAgreement Exclusive Right To Sell
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ListingContractDate 2025-08-03
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ListingKey 0d60f789b40cefb28aae7f72256d9b59
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ListingTerms All Cash,Conventional
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LotFeatures 1/4 To Less Than 1/2 Acre Lot
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LotSizeSquareFeet 0
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MLSAreaMajor Hollywood Little Ranches
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MajorChangeTimestamp August 3, 2025 at 03:40pm
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MajorChangeType New
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MlsStatus Active
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ModificationTimestamp August 3, 2025 at 09:00pm
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NumberOfUnitsInCommunity 3
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NumberOfUnitsTotal 13
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OnMarketDate 2025-08-03
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OriginalEntryTimestamp August 3, 2025 at 03:40pm
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OriginalListPrice 2900000
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OriginatingSystemID miamire
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OriginatingSystemKey miamire
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OriginatingSystemName Miami Association of REALTORS®
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OtherExpense 0
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ParcelNumber 514216013280
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ParkingTotal 18
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PhotosChangeTimestamp August 3, 2025 at 03:44pm
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PhotosCount 28
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Possession Funding
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PostalCodePlus4 6757
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PriceChangeTimestamp July 25, 2025 at 05:01pm
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PublicSurveyRange 51
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PublicSurveySection 16
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PublicSurveyTownship 51
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RentIncludes Gardener,Other Rent Incl,Pest Control,Sewer,Trash Collection,Water
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Roof Shingle
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Sewer Public Sewer
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ShowingContactType Agent
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ShowingInstructions Call Listing Agent
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SourceSystemKey 418433206
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StateOrProvince FL
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StatusChangeTimestamp August 3, 2025 at 03:40pm
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Stories 1
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StoriesTotal 1
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StreetName Polk St
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StreetNumber 2314
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StreetNumberNumeric 2314
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StructureType Quadruplex,Fourplex
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SyndicationRemarks 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.
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TaxAnnualAmount 36984
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TaxLegalDescription HOLLYWOOD LITTLE RANCHES 1-26 B LOT 15 BLK 7
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TaxYear 2024
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YearBuiltDetails Resale
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Zoning TC-1
Features
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