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For Sale200 Days
$2,499,000

2314 Polk St
Hollywood, FL 33020

Commercial For Sale
7,551 Sq. Ft.
Apex International Realty, LLC.

Description for 2314 Polk St, Hollywood, FL 33020

Exceptional investment opportunity in Hollywood, Florida! A 12-unit apartment building promises immediate revenue growth, with units currently leased 35% to 40% below market rates. What sets this property apart is its approved zoning by the City of Hollywood, paving the way for a new 4-floor structure to be built. This expansion would increase income by aligning rents with market rates and adding more units. The owner provides favorable financing terms, requiring only a 30% down payment. Financing is available through a 25-year amortized note, with a balloon payment due in 5 years, offering flexibility for interested parties to discuss specific terms later. Positioned in a prime location, the property is conveniently close to the beach, restaurants, shops, nightlife, and highways.

Property Details

Listing Details
For Sale
Commercial
Multi-Family
For Sale
A11572661
$2,499,000
04/22/2024
7,551 Sqft
1972
$2,499,000
$2,499,000
3241602
Location Information
US
FL
Broward County
Hollywood
33020
Polk St
2314
6757
W81° 50' 47.6''
N26° 0' 43.9''
2314 Polk St
3050
Land Info
514216013280
Tax Info
HOLLYWOOD LITTLE RANCHES 1-26 B LOT 15 BLK 7
$33,050
Listing Information
Apex International Realty, LLC.
Carlos Azcarate
APXI01
Sefmiami
$2,499,000
No
Apartment

Price History

Source: MLS
DateEventPriceSource
2024-04-22For Sale$2,499,000MLS
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Walk Score

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Walk Score

4

Bike Score

7

Transit Score

3

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Courtesy of Apex International Realty, LLC.
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© 2024 Miami Association of REALTORS®. All rights reserved. The information is provided for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.