Commercial Real Estate

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CommercialSaleMultifamilyFLHollywood2314, Polk St, Hollywood, FL, 33020

2314 Polk St

2314, Polk St, Hollywood, FL, 33020
    $2,499,000
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    Basics

    Description

    • Description:

      HOLLYWOOD LITTLE RANCHES 1-26 B LOT 15 BLK 7 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. The owner provides favorable financing terms, requiring only a 30% down payment. Financing is available through a 25-year amortized note, with a balloon payment due in 5 years, offering flexibility for interested parties to discuss specific terms later. Positioned in a prime location, the property is conveniently close to the beach, restaurants, shops, nightlife, and highways.

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    Building Details

    • Structure Type: Apartment
    • Covered Spaces: 0

    Expenses, Fees & Taxes

    • Tax Annual Amount: $33,050

    Miscellaneous

    • List Office Name: Apex International Realty, LLC.

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    This -type commercial real estate is located in 2314, Polk St, Hollywood, FL, 33020 was built in 1972, and is listed at $2,499,000.

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