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2314 Polk St
Hollywood, FL 33020 North Central Hollywood

$2,900,000 USD

Apartments For Sale • 7,100 SF

Property Details

Property Type Apartments
Total Building Size 7,100 SF
Lot Size 0.43 AC
Building Class C
Year Built 1973
Cap Rate 6.83 %
Zoning TC-1, Hollywood

41 Transit Score

89 Walk Score

                
                    Highlights
                
                                Fully Occupied Property – Currently generating $215,400 in gross income with 33% rental upside through lease adjustments.
                            
                                Strong Unit Mix – Ten 1-bed units, two 2-bed units, and one studio—ideal for tenant stability and demand.
                            
                                Recent Capital Improvements – New roof, central A/C, fresh exterior paint, updated landscaping, and renovated interiors for some units.
                            
                                Additional Income Sources – Coin-operated laundry and ample on-site parking for tenant convenience.
                            
                                Redevelopment Potential – 20,000 SF lot with zoning allowing up to 37 units—great for future development.
                            
                                Ample On-Site Parking – Convenient parking available for all tenants.

Property Flyers

2314 POLK ST-ELEVI-FLYER

Financial Summary (Actual)

Net Operating Income: $152,764 USD (2024)

Cap Rate:	6.83 %
Total Expenses:	$62,636 USD

Public Transportation

Commuter Rail	Drive	Walk	Distance
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	3 min	20 min	1.1 mi
Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail))	6 min	-	2.3 mi
Airport	Drive	Walk	Distance
Fort Lauderdale/Hollywood International	11 min	-	6.2 mi
Miami International	40 min	-	24.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	18
Type:	Surface
Included in Rent:	Yes

Elior Levi 954-743-7594 Fausto Commercial Realty Consultants

2314 Polk St Hollywood, FL 33020 North Central Hollywood