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Multifamily Property – 13 Units in Hollywood, FL – Strong Rental Stability and Redevelopment Potential

Commercial Sale

Category: Multifamily

Price:$2,900,000

Location: Hollywood, FL

Year Built: 1972

Days on Market: 38

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.

Please visit Fausto Commercial

Listing Code: 1120365101