2314 Polk Street, Hollywood, FL 33020
- $2,900,000
- 7,632
- SqFt
- Sold Price
- $2,900,000
- List Price
- $2,900,000
- Days on Market
- 19
- Closing Date
- Mar 12, 2026
- MLS#
- A11847092
- Sq. Ft
- 7,632
- Subtype
- Quadruplex
- County
- Broward
- Subdivision
- Hollywood Little Ranches
- Year Built
- 1972
Property 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.
/u.realgeeks.media/tomdayproperties/Tom_Day_Logo_Black.png){kind=logo}
Additional Information
- Construction
- Block
- Cooling
- Central Air
- Flooring
- Other, Tile, Vinyl
- Heating
- Central, Separate Meters
- Roof
- Shingle
- Taxes
- $36,984
- Utilities
- Cable Available
- Stories
- 1
- Price Per Sqft
- $379
- Elementary School
- Oakridge
- Middle School
- Olsen
- High School
- South Broward
Mortgage Calculator
Listing courtesy of Fausto Commercial Realty Consultants Inc. Contact:
Selling Office: Keller Williams Realty Profess.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Elior Levi | Email: elevi@faustocommercial.com