Home » Hollywood » 2314 Polk St, Hollywood, FL 33020 | A11572661

Multi Family For Sale 2314 Polk St, Hollywood, FL 33020

$2,499,000

Property Highlights

Listing ID A11572661 Status of this Listing: Active For Sale Property Type Commercial Sale Multi Family Building Area 7,551 Sqft/701.51 m2 approx. Lot area 20,501 Sqft/1904.61 m2 approx. Year Built 1972 This listing had previously gone off the market, and it is now Back on the Market. Time of this property on Rebonus 227 Day(s)
9 Photos of this Property

2314 Polk St, Hollywood, FL 33020

Property 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.

Commercial Sale Multi Family For Sale located at 2314 Polk St Hollywood FL 33020 in Broward referenced as ID MLS # A11572661. Find below more comprehensive details about this property. Get in touch with Rebonus, Realtors to arrange a personal viewing or a live video tour, or to submit an offer. If you are a property owner interested in selling a similar property, contact us and receive a free comparative market analysis. We also provide online video calls and meetings.

Useful Info

Original List Price:$2,499,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Structure Type:
  • Apartment

Property Features

Waterfront:No

Taxes and Expenses

Tax Annual Amount:$33,050

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Terms

Occupant Type:
  • Tenant
Lease Considered:No

Community

Senior Community:No

Parking

Covered Spaces:0

Zoning and Legal

Tax Legal Description:HOLLYWOOD LITTLE RANCHES 1-26 B LOT 15 BLK 7
Real Estate Folio Number (Parcel Number):514216013280
Zoning Description:TC-1
Public Survey Range:51
Public Survey Section:16

Listing History

Update/EventDate/Days
Published Date:April 22, 2024 10:29 am
On Market Date:April 22, 2024
Price Change Date Time:April 19, 2024 11:40 am
Last Important Update Description:Back On Market
Date and Time of Last Important Update:October 21, 2024 11:41 am
Status Last Changed:October 21, 2024 11:41 am
Photos Last Modified:April 22, 2024 2:40 pm
Last Modified:October 21, 2024 3:41 pm
Days on the Market Reference Date:October 21, 2024
Days on the Market (updated on Last Modified*):181
Cumulative Days on the Market (updated on Last Modified**):181

Additional Information

Number of Photos:9
Location:,,
Included:,,
Area:3050
Courtesy of:Apex International Realty, LLC.
Universal Property Id:US-12011-N-514216013280-R-N

Location

Show Property Address:Yes
Street Name:Polk St
Street Number:2314
Street Address:2314 Polk St
City : Hollywood
State : Florida
Zip Code : 33020
County : Broward
Full Address:2314 Polk St, Hollywood, FL 33020
Latitude:N26° 0' 43.5''
Longitude:W81° 50' 48''

Neighborhood

Postal City:Hollywood

Property Map