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Value-Add Multifamily & Redevelopment Opportunity in Downtown Hollywood

2314, Polk Street, Hollywood, Broward County, Florida, 33020, United States
  • Multi-family
  • Property Type
  • 13
  • Units
  • 7,632
  • ft²
  • 20,501
  • Lot ft²
For Sale
Value-Add Multifamily & Redevelopment Opportunity in Downtown Hollywood
2314, Polk Street, Hollywood, Broward County, Florida, 33020, United States

Details

Updated on August 4, 2025 at 12:04 pm
  • Price: $2,900,000
  • Property Size: 7,632 ft²
  • Land Area: 20,501 ft²
  • Units: 13
  • Property Type: Multi-family
  • Property Status: For Sale

Description

We are pleased to present 2314 Polk St, a fully occupied 13-unit multifamily asset located just minutes from Young Circle and downtown Hollywood. The property features ten large 1-bedroom units, two 2-bedroom units, and one studio—offering an ideal mix for long-term rental stability and tenant demand. Recent upgrades include a brand-new roof, central A/C systems, freshly painted exterior, updated landscaping, and several renovated interiors. Additional income is generated through a coin-operated laundry room, and the property offers ample on-site parking for tenant convenience. All leases are currently month-to-month, with rents approximately 33% below market—allowing for immediate upside. The property operates at a 5.5% cap rate with a pro forma of 7%. Sitting on a 20,000 SF lot with favorable zoning, the site allows for redevelopment of up to 37 units, making this an outstanding opportunity for both investors and developers seeking value and long-term potential

Property Documents

2314 POLK ST,-ELEVI-FLYER
  • Address 2314, Polk Street, Hollywood, Broward County, Florida, 33020, United States
  • City Hollywood
  • State/county Broward County
  • Zip/Postal Code 33020

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