2704-2710 Polk StHollywood, FL 33020

Property Details for 2704-2710 Polk St

Year built

1947

Property type

Residential income homes

Description

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.

Location Insight

City

Hollywood

County

Broward

State

Florida

Latitude

26.0121

Longitude

-80.1615

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