2704 Polk St Hollywood, FL 33020

This exceptional multifamily investment opportunity in Hollywood, Florida, presents a portfolio of 33 units spread across five buildings situated on a large lot. The property comprises four three-bedroom, two-bathroom homes, each approximately 1,240 square feet, and one detached efficiency unit. Recent upgrades include new tile flooring, kitchens, appliances, and bathrooms throughout. All units are centrally air-conditioned. The property boasts 100% occupancy, generating a substantial net operating income (NOI) of $102,143, representing a 6.72% cap rate on the $1,520,000 asking price. The expansive 19,756 square foot lot provides ample private parking for residents and guests, secured within a fenced community. The property is zoned TC-1, and a 40-year recertification has been completed. This presents a compelling value-add opportunity, with existing approvals for up to 33 residential units, allowing for potential future development to capitalize on the strong rental market. The current annual income is $102,143, with twelve parking spaces available. This is a rare chance to acquire a well-maintained, high-performing multifamily asset with significant upside potential in a desirable Hollywood location.