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2314 Polk St, Hollywood FL 33020

Commercial Sale

2314 Polk St

Hollywood, FL 33020

ML#:A11572661
List Price:$2,499,000
Status:Closed
Days on Market:295
Listing Brkr:Apex International Realty, LLC.
Subdivision:—
Bedrooms:0
Baths:0
SqFt (Liv):—
Lot Size:20501 sqft
Year Built:1972
Stories:—

General Information

Type Property:Commercial Sale
Style:Income/MultiFamily
Pool:—
Garage Spaces:0
Parking:—

Location Information

County:Miami-Dade County
Zip:33020
Subdivision:—
Latitude:26.012052
Longitude:-80.153305

Financial Information

Annual Taxes:$33,050
Days on Market:295

Remarks

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. Positioned in a prime location, the property is conveniently close to the beach, restaurants, shops, nightlife, and highways.

Listing Agent

Carlos Azcarate

Apex International Realty, LLC.

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 833-0020

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