2314 Polk Street

2314 Polk Street

Hollywood, FL 33020

$2,499,000
Price
—
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
a view of outdoor space with patio
a view of a chairs and table in a patio
a view of a patio with table and chairs potted plants
a view of a storage & utility room with wooden floor
a kitchen with granite countertop a stove and a wooden floor
a view of a room with wooden floor
a view of an empty room with wooden floor
wooden floor in a gallery
a bathroom with a sink toilet and mirror

Description

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...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.
  1. Listed by Carlos Azcarate • Apex International Realty, LLC.

Property Details for 2314 Polk Street

Area
3050
Auction
No

Location

Listing Courtesy of Apex International Realty, LLC.
Add your commute
LISTING UPDATED: 04/22/2024 06:01 PM

Property Details for 2314 Polk Street

StatusActive
MLS #A11572661
Days on Market12
Taxes$33,050 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi Family
Year Built1972
Lot Size0.47 AC / 20,501 SF
CountyBroward County

Location

Listing Courtesy of Apex International Realty, LLC.
Add your commute

Building Information for 2314 Polk Street

Stories-Residences-Year Built1972Building Size-Lot Size0.47 AC / 20,501 SF

Payment Calculator

$16,392 per month

30 year fixed, 7.25% Interest

Principal and Interest

$13,638

Property Taxes

$2,754

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2314 Polk Street

Location Information
Location Information
  • Parcel Number Free Text: 514216013280
  • Parcel Number MLX: 3280
  • MLS Area: 3050
  • Township Range: 51
  • Section: 16
  • Subdivision Number: 1
  • Zoning Information: TC-1
General Information
General Information
  • Prop Type-Type of Building: Apartments
  • Building Sq Ft: 7,551
Additional Property Information
Additional Property Information
  • Guest Accommodations: No
Financial Information
Financial Information
  • Total Mortgage: $470,000
  • Flood Zone: X

Property History for 2314 Polk Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2314 Polk Street

Taxable ValueLand$184,510Additions$1,269,540Total$1,454,050
Tax Record2023$33,050 ($2,754 / month)
Home Facts
Total Finished SqFt7,632 SqFtAbove Grade Finished SqFt7,632 SqFtStories1Lot Size20,501 SqFtStyleMulti-Family Dwelling (2-4)Year Built1972Year Renovated1973ZoningTC-1CountyBROWARDAPN51-42-16-01-3280

Schools near 2314 Polk Street

This home is within Broward.
Rating
School
Type
Grades
Distance
Oakridge Elementary School
Public - PK to 5
Olsen Middle School
Public - 6 to 8
South Broward High School
Public - 9 to 12
Alpha International Academy
Charter - K to 5
Rating
School
Distance
Oakridge Elementary School
PublicPK to 5

Olsen Middle School
Public6 to 8

South Broward High School
Public9 to 12

Alpha International Academy
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2314 Polk Street, Hollywood, FL 33020

2314 Polk Street is a multi-family home for sale in Hollywood, FL 33020. This property was listed for sale on April 22, 2024 by Apex International Realty, LLC., it's currently listed at $2,499,000. It has been on the market for a total of 12 days and was last sold on March 22, 2006. This listing's school district is Broward. Nearby schools include Oakridge Elementary School, Olsen Middle School and South Broward High School. 2314 Polk Street is a 0-bed, 0-bath, multi-family home built in 1972.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Apex International Realty, LLC.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.