Best of Luxury Realty

Overview

Status: Closed
Parking No info
Size: 1,827 ft²/169.73 m²
Price Per: $273.13 ft²/$2,939.90 m²
Type: Multifamily
Built: 1946
HOA: No info
MLS Number: A11475247
View No info
On Site: 199 days
Updated: 153 Days Ago
Page Views: 3

Excellent Investment Opportunity in the heart of Hollywood, an area undergoing a vibrant revitalization & development boom. Priced strategically below market value, this 3-Unit occupies a prime location: between I-95 & US-1 & 1 block north of Hollywood Blvd. It sits on a large 10,252 SF fenced lot on a quiet residential street. Zoned Multifamily, up to 4 floors & Max Built Area Allowed of 15,378 SF. Main building is a 1,340 SF duplex with a 2/1 unit & a 1/1 unit. Detached cottage is a 487 SF studio. Short & Long Term rentals allowed. Once rehabbed, it could potentially yield over $65K in annual rental income. Minutes to beaches, shopping, dining, and FTL airport. This is the perfect time to own a valuable piece of this highly sought after real estate market & add to your rental portfolio.

Development Amenities

Development Amenities:

Pool
Sidewalk
Street Lights

Price History

Date	Event	Price	Change Rate	Price Per
12/13/2023	Sold	$430,000.00	13.8%	$187.45 ft²/$2,017.65 m²
10/28/2023	Listed	$499,000.00		$217.52 ft²/$2,341.41 m²

Features

Property Details for 2847 Polk St, Hollywood, FL 33020

Hollywood Little Ranches, Multifamily current status is Closed, 2847 Polk St is a Multifamily in , Hollywood, FL 33020 with property MLS ID# A11475247. This Multifamily has been listed on Best of Luxury Realty since October 29, 2023 and is currently priced at 499,000. This property was built in 1946.

Bedrooms
Bedrooms: No info
Bedroom Description: No info

Bathrooms
Full Bathrooms:
Half Bathrooms: No info
Master Bathroom Description: No info

Exterior and Lot Features
Exterior Features: No info
View: No info

Interior, Heating and Cooling
Interior Features: No info
Appliances: No info
Heating Description: None
Cooling Description: No info

Building and Construction
Floor Description: Carpet, Terrazzo, Tile, Vinyl
Windows/Treatment: No info
Construction Type: Block
Year Built: 1946

School Information
Elementary School: No info
Middle School: No info
High School: No info

Other Property Info
Community Name: Hollywood Little Ranches
Subdivision Name: HOLLYWOOD LITTLE RANCHES
Property Type: Multifamily
Property Subtype: Residential Income
Type of Association: Homeowners
Garage Spaces: No info
Listing Date: 10/28/2023
Closing Date: 12/13/2023
Directions: Take I-95 & exit on Hollywood Blvd going East. Left at N 24th Ave. Left at Polk St. Property is on right hand side.
Area: 3050
Brokered By: Coldwell Banker Realty

Taxes, Fees & More
Maintenance/HOA Fees: No info
Taxes (PLEASE NOTE THAT: Property taxes on resale can vary and prorated at approximately 2.0% of the purchase price and/or assessed market value. Tax rates differ between municipalities and may vary depending on location and usage): $2,463.00 (2022)

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$499,000.00

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Area Specialist

Buyer/Tenant Etiquette

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Tracey Schmitt

Real Estate Advisor

Office: (305) 407-1657

Email: tracey@bestofluxuryrealty.com

Specialties:

Luxury Oceanfront Communities, Waterfront Single Family Homes

Memberships:

Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild

This property is courtesy of the Coldwell Banker Realty. This listing has been viewed 3 times. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

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*Just Listed: New properties that came on the market within the last 15 days.
*Decrease/Increase: Listing values that are being calculated based on recorded price changes.
*Foreclosures/Short Sale: Please note, all properties are subject to bank approval. Buyers must be pre-approved or show proof of funds before submitting an offer.