For Sale
$1,520,000

2704-2710 Polk StHollywood, FL 33020

Five-unit rental, high cash flow.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a stabilized, five-unit single-family rental portfolio in Hollywood, Florida. Located just east of I-95, this assemblage comprises four 3/2 homes and one detached efficiency, each spanning 1,240 square feet. Recent upgrades include new tile flooring, kitchens, appliances, and bathrooms throughout. All units feature central air conditioning, and ample parking is available. The property boasts a substantial 19,656 square foot lot, fully fenced for enhanced security and privacy. Currently operating at 100% occupancy, the portfolio generates a substantial annual net operating income (NOI) of $102,143, representing a 6.72% cap rate. Pro forma NOI is projected at $115,300, yielding a 7.59% cap rate, indicating significant redevelopment potential. Built in 1947, this Class B multifamily property offers a compelling combination of immediate cash flow and future upside. The asking price is $1,520,000. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a prime Hollywood location.

Highlights

  • Five-unit single-family rental portfolio in Hollywood, FL, near I-95.
  • Four 3/2 homes and one efficiency unit, each 1,240 square feet.
  • Recently renovated with new kitchens, baths, appliances, and tile flooring; central A/C throughout.
  • 19,656 square foot fenced lot with ample parking; currently 100% occupied.
  • $102,143 annual NOI (6.72% cap rate); projected $115,300 NOI (7.59% cap rate).
  • Asking price: $1,520,000.

Property Details for 2704-2710 Polk St

Property type
Residential income homes
Class
B
Year Built
1947
Units
5

Location Insight

City
Hollywood
County
Broward
State
Florida
Latitude
26.0121133
Longitude
-80.1615009
2704-2710 Polk St, Hollywood, Florida

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2704-2710 Polk St
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