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For Sale
Hollywood, Florida Multi-Family 2117,2125,2127 Polk St, Hollywood, FL
,2125 Polk St,
Hollywood, FL 33020
Hollywood, FL 33020
Asset Snapshot
$95,000
NOI
1953
Year Built
0 SF
Average Unit Size
17,262 SF
Property Size
100%
Occupancy
Offering Summary
Highly Sought After Redevelopment Area of Hollywood Florida 3 lot Portfolio Investment Opportunity
GREAT INVESTOR/ DEVELOPER OPPORTUNITY IN HIGHLY SOUGHT AFTER HOLLYWOOD FLORIDA * 3 Adjacent Lots side by side with separate folio numbers being sold together combining for a generous 17,262 Sq Ft. and the zoning capacity of a 40+ unit concept with the opportunity for more units if the project goes vertical. Zoned DH-3 this currently allows for zoning permits up to 140 ft and up to 10 stories.
2117, 2125 & 2127 Polk St Hollywood Florida. Location is situated just a short walk from the active Young Circle area with dining, retail and entertainment options driving strong rental demand and walkability appeal. Minutes from the beach, convenience is one of the key buying/selling strategies. Easy Access to highways, transportation and schools, the Hollywood market offers an on going urban revitalization inviting both investors and future tenants alike.
Just 6 miles from the Ft. Lauderdale/Hollywood International Airport, the Hard Rock Guitar Hotel, Sports Arenas, Miami/South Beach and concert venues this area has the development potential targeting investors and developers. Mixed and multi use zoning allows for a combination of residential and commercial with a wide range of appeal.
Investment highlights
Currently both 2125 & 2127 each have existing 4-plexs that are 100% occupied. Each 1 bedroom 1 bath are renting for $1400 with a total gross yearly income of $134,400, 2117 is currently a vacant lot being used for boat storage and rented for $1500 per month total gross $18,000. After expenses all 3 lots net approximately $95,000.
GREAT INVESTOR/ DEVELOPER OPPORTUNITY IN HIGHLY SOUGHT AFTER HOLLYWOOD FLORIDA * 3 Adjacent Lots side by side with separate folio numbers being sold together combining for a generous 17,262 Sq Ft. and the zoning capacity of a 40+ unit concept with the opportunity for more units if the project goes vertical. Zoned DH-3 this currently allows for zoning permits up to 140 ft and up to 10 stories.
2117, 2125 & 2127 Polk St Hollywood Florida. Location is situated just a short walk from the active Young Circle area with dining, retail and entertainment options driving strong rental demand and walkability appeal. Minutes from the beach, convenience is one of the key buying/selling strategies. Easy Access to highways, transportation and schools, the Hollywood market offers an on going urban revitalization inviting both investors and future tenants alike.
Just 6 miles from the Ft. Lauderdale/Hollywood International Airport, the Hard Rock Guitar Hotel, Sports Arenas, Miami/South Beach and concert venues this area has the development potential targeting investors and developers. Mixed and multi use zoning allows for a combination of residential and commercial with a wide range of appeal.
Investment highlights
Currently both 2125 & 2127 each have existing 4-plexs that are 100% occupied. Each 1 bedroom 1 bath are renting for $1400 with a total gross yearly income of $134,400, 2117 is currently a vacant lot being used for boat storage and rented for $1500 per month total gross $18,000. After expenses all 3 lots net approximately $95,000.
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