Overview

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  • Status: Active
  • Bed(s) No info
  • Bath(s)
  • Half Bath(s) 0
  • Parking No info
  • Size: 7,551 ft2/701.51 m2
  • Price Per: $330.95 ft2/$3,562.31 m2
  • Type: Commercial/Investment
  • Built: 1972
  • HOA: No info
  • MLS Number: A11572661
  • View No info
  • On Site: 29 days
  • Updated: 29 Days Ago
  • Page Views: 0

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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Price History

DateEventPriceChange RatePrice Per
04/22/2024Listed$2,499,000.00$330.95 ft2/$3,562.31 m2

Features

Property Details for 2314 Polk St, Hollywood, FL 33020

Commercial/Investment current status is Active, 2314 Polk St is a Commercial/Investment in , Hollywood, FL 33020 with property MLS ID# A11572661. This Commercial/Investment has been listed on Best of Luxury Realty since April 22, 2024 and is currently priced at 2,499,000. This property was built in 1972.
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Buyer/Tenant Etiquette
Tracey Schmitt
Tracey Schmitt, Broker
Best of Luxury Realty
Phone: (305) 407-1657

Tracey Schmitt is the principal Broker for Best of Luxury Realty, a boutique real estate brokerage, serving Miami-Dade, Broward & Palm Beach counties. Her motto is "100% Loyalty, 100% of the Time!" Tracey and her team of real estate professionals are ready to assist whether you are looking to Buy or to Sell, we would like to earn your business!

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This property is courtesy of the Apex International Realty, LLC.. This listing has been viewed 0 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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