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Sold
Sold on March 12, 2026

2314 POLK ST

$2,900,000
$2,900,000
0 Beds
0 Baths
7,632 sqft
18 Parkings
Lot size:
-
Annual Tax:
$36,984
Occupancy:
Contact Agent
Year Built:
1972
Property type:
Multifamily
#MLS:
A11847092

Description

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.
Fausto Commercial Realty Consultants Inc

Features & Details

Learn about the features and details of 2314 POLK ST

Property Details

  • Property Type
    Quadruplex
  • Living Area
    7,632 sqft
  • Year Built
    1972
  • Lot Size
    -
  • Stories
    -
  • Annual Tax
    $36,984
  • List Date
    8/3/2025
  • Updated
    5/24/2026
  • Last Checked
    Recent
  • MLS Number
    #A11847092
  • Brokerage
    Fausto Commercial Realty Consultants Inc
  • Postal Code
    33020
  • Area
    Broward
  • City
    Hollywood

Additional Property Features

  • Occupancy
    CallAgent
  • List Price
    $2,900,000
  • Unit Number
    -
  • Construction
    Brick,Block
  • Heating
    Central
  • Fireplaces
    -
  • Garage
    -
  • Parking Type
    No
  • Pets Allowed
    No
  • Air Conditioning
    Central Air
  • Elevator
    No
  • Locker
    No
  • Swimming Pool
    None
  • Patio
    No
  • Basement
    No
  • Den
    No
  • Central Vacuum
    No
  • Garage Type
    No

Additional Listing Information

  • Walk Score
  • Property Manager
    -
  • Utilities Included
    None
  • Furnished
    No
  • Assessment Year
    2024
  • Assignment
    No
  • Extras Included
    None
  • Virtual Tour
    View virtual tour

Inside

  • Bedrooms & Baths
    0 Bed, 0 Bath
  • Ensuite
    Yes
  • Bathrooms
    0
  • Flooring
    Mixed

Price history

Learn about the price history of 2314 POLK ST

Real estate trends

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FAQs About 2314 POLK ST

2314 POLK ST, MLS® A11847092 has a size of 7632 sqft.

There are bedrooms and bathrooms in this Multifamily at 2314 POLK ST, MLS® A11847092.

Yes, there is parking available with 18 spot(s).

Annual taxes for this home are $36,984 based on 2024 tax year reports.
Miami Association of REALTORS®
Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information.
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2314 POLK ST