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    2704-2710 Polk St Hollywood, FL 33020

    For Sale
    $1,520,000

    Five-unit rental, high cash flow.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    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.

    Property Features for 2704-2710 Polk St

    General Information

    Property type
    Multifamily properties
    Class
    B

    Building Details

    Year Built
    1947
    Units
    5

    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 Profile Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Realty agency Restaurant Law Firm Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1615009
    Latitude
    26.0121133

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    FAQs

    What type of property is this?
    Multifamily property - Five-unit rental, high cash flow.
    Where is this multifamily property located?
    The property is located at 2704-2710 Polk St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $1,520,000.
    What are key features of this property?
    This property features: 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.
    (305) 490-1404
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    2704-2710 Polk St Hollywood, FL 33020
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    Hollywood, FL 33020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2704-2710 Polk St Hollywood, FL 33020
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