FL > Hollywood
Hollywood, FL 33020,2314 Polk St
Hollywood, FL 33020,2314 Polk St
Hollywood, FL 33020,2314 Polk St
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$2,499,000
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7,551 SqFt
Active

2314 Polk St Hollywood, FL 33020

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Anthony Guerriero

Anthony Guerriero

+1(646) 376-8752

UPDATED:

10/21/2024 03:41 PM

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 7,551 sqft

Price per Sqft $330

MLS Listing ID A11572661

HOA Y/N No

Year Built 1972

Annual Tax Amount $33,050

Lot Size 0.471 Acres

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.

Location

State FL

County Broward

Area 3050

Others

Tax ID 514216013280

Listed by Apex International Realty, LLC.

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Anthony Guerriero

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+1(646) 376-8752

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2314 Polk St

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