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2314 Polk St
Hollywood, FL 33020
Polk Apartments · Multifamily Property For Sale
·
13 Units
Investment Highlights
- Fully Occupied Property – Currently generating $215,400 in gross income with 33% rental upside through lease adjustments.
- Recent Capital Improvements – New roof, central A/C, fresh exterior paint, updated landscaping, and renovated interiors for some units.
- Redevelopment Potential – 20,000 SF lot with zoning allowing up to 37 units—great for future development.
- Strong Unit Mix – Ten 1-bed units, two 2-bed units, and one studio—ideal for tenant stability and demand.
- Additional Income Sources – Coin-operated laundry and ample on-site parking for tenant convenience.
- Ample On-Site Parking – Convenient parking available for all tenants.
Property Facts
| No. Units | 13 | Building Size | 7,100 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1973 |
| Building Class | C | Parking Ratio | 2.54/1,000 SF |
| Lot Size | 0.43 AC | ||
| Zoning | TC-1, Hollywood - Multifamily | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 7,100 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1973 |
| Parking Ratio | 2.54/1,000 SF |
| Zoning | TC-1, Hollywood - Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,500 | - |
| 1+1 | 9 | $1,700 | - |
| 2+1 | 2 | $2,250 | - |
Property Taxes
| Parcel Number | 51-42-16-01-3280 | Improvements Assessment | $1,614,070 |
| Land Assessment | $184,510 | Total Assessment | $1,798,580 |
Property Taxes
Parcel Number
51-42-16-01-3280
Land Assessment
$184,510
Improvements Assessment
$1,614,070
Total Assessment
$1,798,580
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