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$4,200,000
317 Polk Street, Hollywood, FL 33019
0 Beds
0 Baths
n/a SqFt

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An opportunity to acquire this unique property just steps from the Hollywood Beach!! Great for investors or developers!! Villa Sinclair Beach Suites offers 7 large furnished suites with full kitchens and bathrooms, a Hookah Lounge/Bar with Beer & Wine license, sitting on approx. 6,400 SF Lot (3,480 SF/AC+4,680 SF Outdoor). Can also be rebuilt into a 6 Story, 12 Unit Condo Building or add 1 more floor to the current building to give a rooftop bar plus deck for entertaining! New owner can earn over a 7.5% return based on 2021 income & expenses. Owner made many improvements to the property including 48 Hurricane impact Windows, 28 Aluminum Bahamian Shutters, 160'Hurricaine Proof Fence, 12 x 12,000 BTU Mini Split A/C units and much more! REAL ESTATE INCLUDED! Video tour and 100 gallery photos.
  • Price:
  • $4,200,000
  • Year Built:
  • 1940
  • Listing ID #:
  • F10324052
  • Street Address:
  • 317 Polk Street
  • City:
  • Hollywood
  • State:
  • Florida
  • Postal Code:
  • 33019
  • County:
  • Broward
  • Community:
  • 3030
  • Subdivision:
  • Hollywood Beach
  • Listing Status:
  • Active
  • Listing Type:
  • Fourplex
  • Flooring:
  • Tile Floors
  • Number Of Units:
  • 1
  • Rent Includes:
  • Cable Tv, Electric, Hot Water, Pest Control, Sewer, Water
  • Siding:
  • Concrete Block Construction, Stucco Exterior Construction
  • Style:
  • Fourplex
  • Type Of Roof:
  • Comp Shingle Roof
  • Year Built:
  • 1940
  • Year Built Description:
  • Resale
  • Expenses:
  • 227000
  • Net Operating Income:
  • 324000
  • Lot Description:
  • Less Than 1/4 Acre Lot
  • Lot Size:
  • 6380
  • Terms:
  • Cash, Conventional
  • Property Taxes:
  • $21,836
  • Tax Year:
  • 2021
  • Spa:
  • 1
  • Sewage Type:
  • Municipal Sewer
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • This Listing is Courtesy of Kensington & Company Inc
  • RAGFL

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