Overview
Closing Costs Calculator- Status: Active
- Parking No info
- Size: No info
- Price Per: No info/No info
- Type: Multi Family
- Built: 1972
- HOA: No info
- MLS Number: A11572661
- View No info
- On Site: 12 days
- Updated: 12 Days Ago
- Page Views: 1
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.
Contact AdvisorPrice History
Date | Event | Price | Change Rate | Price Per |
---|---|---|---|---|
04/22/2024 | Listed | $2,499,000.00 | $330.95 ft2/$3,562.31 m2 |
Features
Property Details for 2314 Polk St, Hollywood, FL 33020
- Bedrooms
- Bedrooms: No info
- Bedroom Description: No info
- Bathrooms
- Full Bathrooms:
- Half Bathrooms: No info
- Master Bathroom Description: No info
- Exterior and Lot Features
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- View: No info
- Interior, Heating and Cooling
- Interior Features: No info
- Appliances: No info
- Cooling Description: No info
- Building and Construction
- Floor Description: No info
- Windows/Treatment: No info
- Construction Type: Apartment
- Year Built: 1972
- Waterfront and Water Access
- Waterfront Property: No info
- Waterfront Frontage: No info
- Waterfront Description: No info
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- Water Description: No info
- School Information
- Elementary School: No info
- Middle School: No info
- High School: No info
- Other Property Info
- Community Name: No info
- Subdivision Name: No info
- Property Type: Multi Family
- Property Subtype: Commercial Sale
- Type of Association: Homeowners
- Garage Spaces: No info
- Listing Date: 04/22/2024
- Area: 3050
- Brokered By: Apex International Realty, LLC.
- Legal Description: HOLLYWOOD LITTLE RANCHES 1-26 B LOT 15 BLK 7
- Taxes, Fees & More
- Maintenance/HOA Fees: No info
- Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $33,050.00
- Type of building: No info
- Occupancy Information: Tenant
- Occupancy Percentage: No info
- Property Type Description: No info
- Parking Description: No info
- Parking Spaces: No info
- Number of Units: No info
- Number of Floors: No info
- Number of Stories: No info
- Zoning Information: T C-1
- Total Acreage: No info
- Acreage Description: No info