Luxe Properties
Maria Mercedes Gomez & Larissa Porta, Luxe PropertiesPhone: (305) 389-1420
Email: [email protected]

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listing
1 of 9
CommercialFor Sale
$2,499,000
2314 Polk St
Hollywood, FL 33020
Courtesy of Apex International Realty, LLC.
MLS: MIAMI Association of REALTORS
Est. Mortgage
$12,999/mo

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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Information courtesy of Apex International Realty, LLC. is subject to verification and is not guaranteed.
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