2531 Pierce ST, Hollywood, FL 33020
2531 Pierce ST, Hollywood, FL 33020
2531 Pierce ST, Hollywood, FL 33020
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William Gartin

William Gartin

+1(305) 842-6097
$697,500
Est. payment /mo
1,785 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,785 sqft

Price per Sqft $390

MLS Listing ID B26036967

HOA Y/N No

Year Built 1949

Annual Tax Amount $9,666

Tax Year 2025

Lot Size 0.350 Acres

Acres 0.35

Property Sub-Type Multi Family

Property Description

Rare opportunity to acquire income producing 3/2 home w/in-law suite & additional development capacity, walking distance from library, parks & Downtown Hollywood, at over 20% below market value. Keep the existing home & add 8 (2 bedroom) units for 9 units total. Included site plan shows layout, parking & access. Meeting with city has been held; feasibility & zoning compliance confirmed. Land comps:$50k per (mostly 1 bed) unit sold, $58k-$101k per (mostly 1 bed) unit active. 3/2 house comps:$499k-$679k active, $410k-$580k sold. Subject property: 3/2 house + 8 (2 bedroom) units buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.5M. All in:~$2.2M Projected value:$3M+ = ~$1M equity. Potential ~10% cap. Opportunity zone. Seller will finance

Location

State FL

County Broward

Area 3050

Interior

Heating Wall Furnace

Cooling Ceiling Fan(s), Wall/Window Unit(s)

Flooring Parquet, Terrazzo, Tile, Vinyl

Exterior

Utilities Available Cable Available, Electricity Available, Other, Phone Available, Sewer Available, Water Available

Roof Type Composition,Flat,Shingle,Tile

Street Surface Paved

Total Parking Spaces 4

Private Pool Yes

Building

Lot Description <1 Acre, Oversized Lot, 1/4 to 1/2 Acre Lot

Story 1

Sewer Public Sewer, Private Sewer, Septic Tank, Treatment Plant

Water Public

Level or Stories One

Structure Type Block,Stucco

Others

Senior Community No

Restrictions Zoning Restrictions

Tax ID 514216015270

Security Features Other,Smoke Detector(s)

Acceptable Financing Cash, Conventional, Cryptocurrency, 1031 Exchange, Owner May Carry, Owner May CarrySecond

Listing Terms Cash, Conventional, Cryptocurrency, 1031 Exchange, Owner May Carry, Owner May CarrySecond

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by United Realty Group Inc.

NEARBY SCHOOL & BUSINESS

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William Gartin

William Gartin

+1(305) 842-6097

Agent | License ID: 3422133

Agent License ID: 3422133

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