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2455 Polk St
Hollywood, FL 33020 North Central Hollywood

$2,174,500 USD

Land For Sale  •  0.47 AC

Property Details

  • Property Type Land
  • Lot Size 0.47 AC
  • Zoning MC-1
30 Transit Score
70 Walk Score

Description

Project and plans include 27 units total: 15 units with 1 bed/1.1 bath, 10 units with 2 bed/2 bath and 5 unit with 2 bed/2.1 bath.?

Highlights

?With conventional financing, an investor could achieve 111% of Net Investment Return
Rapidly growing rental market with new leases surpassing $3/SQFT; New construction condo sales exceeding $700/SQFT
Located in a well-established residential community surrounded by homes valued up to $7M+
Strong local school district and family-friendly amenities; Steady home price growth for 12 consecutive years
Home values in Florida have surged by 164% over the past decade - jumping from an average of $144,464 in 2013 to $381,922 in 2023
Hollywood is booming with over $1.5B in real estate development surrounding Young Circle

Financial Summary (Proforma)

Net Operating Income: $748,020 USD (2026)
Total Expenses: $345,240 USD

Public Transportation

Commuter RailDriveWalkDistance
Hollywood Amtrak Station (Floridian - Amtrak, Mangonia Park - Miami Airport - Amtrak, Silver Meteor - Amtrak) 2 min 15 min 0.8 mi
Sheridan Street Station (Mangonia Park - Miami Airport - Tri-Rail) 6 min - 2.5 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 11 min - 6.0 mi
Miami International 40 min - 23.9 mi
Anastasiia Lytvyn 312-423-7934 Uniconte LLC
Anastasiia Lytvyn 312-423-7934 Uniconte LLC