Located in the heart of Hollywood, Florida, 2443 Polk Street presents a compelling redevelopment opportunity on a 0.47-acre parcel zoned MC-1. This zoning allows for up to 33 residential units across four stories, making it ideal for multifamily developers seeking to capitalize on the area’s strong rental demand and urban growth. The site currently includes a 3-unit multifamily building generating $4,175/month in income from month-to-month leases, offering immediate cash flow while entitlements and planning are underway. Positioned just five minutes from Downtown Hollywood and ten minutes from both the beach and Fort Lauderdale International Airport, the property benefits from excellent connectivity and lifestyle appeal. The surrounding area is a mix of residential and commercial uses, with walkable access to retail, dining, and entertainment. Its proximity to major employment centers and transit corridors enhances its long-term value and tenant appeal. With a listed price of $1,100,000, this site offers a rare combination of income-producing potential and redevelopment upside in one of South Florida’s most dynamic submarkets. Whether held for cash flow or repositioned for higher density, 2443 Polk Street is a strategic acquisition for investors focused on growth and location-driven returns.