2704-2710 Polk St - Apartments FOR SALE


Hollywood, FL 33020- North Central Hollywood
$1,520,000 USD
305-490-1404
2704-2710 Polk St, Hollywood, FL for Sale
$1,520,000 USD
Apartments - FOR SALE
1/9
null | 6.72% Cap Rate

2704-2710 Polk St
Hollywood, FL 33020
North Central Hollywood


HIGHLIGHTS

  • Private Homes: Four separate 3BR/2BA buildings
  • Efficiency: 1 detached efficiency apartment
  • Central Air Conditioned
  • 40-Year Recertification Completed
  • 100% Occupancy
  • Fenced in Community

OVERVIEW

MCG Realty Advisors is excited to present an exclusive opportunity to acquire an assemblage of five income-generating private homes located just east of the I-95 corridor in one of the best areas of Hollywood, Florida. The assemblage consists of four 3/2 private homes with one additional detached efficiency. The homes are an expansive 1,240 square feet each and have been upgraded with new tile floors, kitchens, appliances and bathrooms. There are central A/C units for all buildings and ample parking for residents and guests. The five separate private homes are situated together on an expansive 19,756 SF private fenced community offering excellent security and safety. The properties are all fully leased and generate a total annual income of $128,400, providing exceptional current cash flow. This prime site also offers excellent potential for future development, with current approvals in place for up to 33 residential units. This is a rare investment opportunity for multifamily operators to take advantage of the current high rental market while potentially redeveloping in the future. CONTACT RON MANN AT 305-490-1404 OR RON@MCG-REALTY.COM FOR FULL BROCHURE AND FINANCIALS

FOR SALE DETAILS

PRICE

$1,520,000 USD

PRICE/SF

$306 USD /SF

# OF UNITS

5

PRICE/UNIT

$304,000

CAP RATE

6.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MULTIFAMILY ASSEMBLAGE - PRIVATE COMPOUND

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1961

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,602 SF

ZONING

TC-1

APN/PARCEL ID

51-42-16-02-3400,51-42-16-02-3410

ASK ABOUT THIS PROPERTY

Ron MannMCG Realty AdvisorsMore Info
305-490-1404

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Ron MannMCG Realty AdvisorsMore Info
305-490-1404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.