2314 Polk St, Hollywood, FL 33020 - Photo 1

1/1

$2,900,000

Sold
Closed
Apartment

1/1

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.

Full Property Details

Full Property Details for 2314 Polk St

General

Sold For: $2,900,000
Status: Closed
Type: Apartment
Source: Greater_Miami
MLS ID: A11847110
Added to Site: 234 day(s) ago

Business

Business Type: Apartments

Rental Information

Lease/Rent Term: 1 To 3 Year Lease

Interior

Flooring: Ceramic Floor, Other, Tile, Vinyl

Parking

Parking Features: Assigned

Location

County: Broward County

Community

Units Assoc/Comm: 13

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Central Individual A/C, Other
Heating Type: Central Individual A/C

Utilities

Sewer: Public Sanitation
Water: Public

Structural Information

Structure Type: Commercial
Detached/Attached: Detached
Construction: Concrete Block Construction, CBS Construction
Roof: Shingle
Stories/Levels: 1
Building Size: 7632
Year Built: 1972

Unit Information

Units in Complex: 13

Lot Features

Lot Size (Acres): 0.47
Lot Size (Sq. Ft.): 20,501
Lot Features: City Location
Potential Use: Investment
Zoning: TC-1

Financial Considerations

Terms: All Cash, Conventional/Refinance
Tenant Pays: Electricity

Disclosures and Reports

Special Conditions: Sale
Legal Description: HOLLYWOOD LITTLE RANCHES 1-26 B LOT 15 BLK 7
Inclusions: Building & Land
Property ID: 514216013280

Listed by Fausto Commercial Realty Consultants Inc
Sold by Keller Williams Realty Profess

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— 2314 Polk St —

Fausto Commercial Realty Consultants Inc

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Schools

Schools serving 2314 Polk St

School District:Broward County School District

Name	Grades	Distance
Oakridge Elementary School 1507 North 28th Avenue, Hollywood, FL 33020	K-5	1 mi
Olsen Middle School 330 Southeast 11th Terrace, Dania Beach, FL 33004	6-8	1.9 mi
South Broward High School 1901 North Federal Highway, Hollywood, FL 33020	9-12	1.4 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2314 Polk St

Date

Details

Price

Change

Source

3/12/2026

Sold

$2,900,000

—

MLS

8/03/2025

Listed

$2,900,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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