2314 Polk St

$2,499,000

2314 Polk St Hollywood

35

Home61's Closings in

Hollywood

Amenities

Air Conditioning
N/A
Central Heat
N/A
Refrigerator
N/A
Dishwasher
N/A
Washer
N/A
Walk-In Closets
N/A
Water View
N/A
Pool
N/A
Fence
N/A
Garage
N/A
Barbecue
N/A
Impact Windows
N/A

Key features

Living area
N/A
Lot size
N/A
Tax
$ 33,050
$ /sqft
-
Tenant Occupied
No
Parking Space
0
Building
-
On market
193 days
$ /sqft
-
Type
other
Year Built
1972
Unit
-
Zip Code
33020
Ref./MLS ID
A11572661

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 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.  


Data is provided by Miami Board of Realtors.

Public transportation

Miami Central
14 mins
Sheridan Street
24 mins
Hollywood
25 mins
Fort Lauderdale/Hollywood International Airport at Dania Beach
43 mins

Nearby School In Hollywood

Data Provided by greatschools.org

RATING
Name
GRADE
DISTANCE
10
Beachside Montessori Village
K-8
0.3 miles
10
Ben Gamla Charter School
K-8
0.4 miles
5
Ben Gamla Charter High School
9-12
0.5 miles
9
Ben Gamla Charter School North Campus
K-8
0.4 miles
Listed on April 22, 2024 by Carlos Azcarate from Apex International Realty, LLC., this other is for sale. other for sale in Hollywood listed at $2,499,000, Reference A11572661

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The information provided is 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. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.