2314 Polk St, Hollywood, FL, 33020
1972
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.
Status:
Active
Type:
Commercial
Zoning:
TC-1
Est. Taxes:
$33,050
MLS #:
A11572661
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Listing courtesy of Apex International Realty, LLC. Phone: 305-389-0473