About 2314 Polk Street
We are pleased to present 2314 Polk St, a fully occupied 13-unit multifamily asset just minutes from Young Circle and Downtown Hollywood. The property features ten 1-bed units, two 2-bed units, and one studio—offering strong rental stability and demand. Recent upgrades include a new roof, central A/C, exterior paint, landscaping, and several renovated interiors. Additional income comes from coin laundry, and there is ample on-site parking. All leases are month-to-month with rents \~33% below market, allowing immediate upside. The property operates at a 5.5% cap rate with a 7% pro forma. Sitting on a 20,000 SF lot with favorable zoning, the site allows redevelopment of up to 37 units—making this a prime opportunity for investors and developers.
Features of 2314 Polk Street
| MLS® # | A11847110 |
|---|---|
| USD | $2,900,000 |
| CAD | $4,019,255 |
| CNY | 元19,454,070 |
| EUR | €2,499,568 |
| GBP | £2,142,674 |
| RUB | ₽244,320,940 |
| Last Listing Price | $2,900,000 |
| Acres | 0.47 |
| Year Built | 1972 |
| Type | Residential |
| Sub-Type | Multi Family |
| Status | Closed |
| HOPA | No Hopa |
Community Information
| Address | 2314 Polk Street |
|---|---|
| Area | 3050 |
| City | Hollywood |
| County | Broward |
| State | FL |
| Zip Code | 33020 |
Amenities
| Parking | Assigned |
|---|
Interior
| Heating | Central Individual |
|---|---|
| Cooling | Other, Central Individual |
Exterior
| Roof | Shingle |
|---|---|
| Construction | Block, CBS |
Additional Information
| Date Closed | March 12th, 2026 |
|---|---|
| Date Listed | August 3rd, 2025 |
| Days on Market | 407 |
| Zoning | TC-1 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Parcel ID | 514216013280 |
Listing Details
| Office | Fausto Commercial Realty Consultants Inc |
|---|