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(305) 889-7823
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(305) 889-7823
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Address

2531 Pierce Hollywood

Price

$697,500

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Notes

MLS# B26036967
Listing Status Active
County Broward County
City Hollywood
Area 3050
Neighborhood
Zip 33020
Style —
Year Built 1949
Taxes $9,666
Price $697,500
Bedrooms —
Full Bathrooms —
Half Bathrooms —
Price

$697,500

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

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Interior Features

Interior Amenities —
Air Conditioning Y/N Yes
Heating Y/N Yes
Half Baths —
Total Bedrooms —
Living Area Source Appraisal
Total Baths 0

General Features

Sewer Public Sewer, Public Sanitation, Private Treatment Plant, Septic Tank, Sewer, On-Site Treatment
Heating Window/Wall
Cooling Ceiling Fan(s), Wall/Window Unit(s)
Possession FundingLong Closing PreferredNegotiable
Roof Comp Shingle Roof, Flat Tile, Flat Roof With Facade Front, Shingle
Appliances
Development Status
Architectural Style
Pool Features
Construction Materials Concrete Block Construction, CBS Construction, Stucco
Pets Allowed
View
Property Subtype Multi Family
Tax Year 2025
Property Type Commercial Sale
Garage Y/N —
Special Listing Conditions Sale
Disclosures
Senior Community Y/N —
Zoning Description RM-18
Listing Terms All Cash, Conventional, Cryptocurrency, Exchange, Owner Will Carry, Owner Hold 2nd Mortgage
Lease Considered Y/N —

Exterior Features

Exterior Amenities
Parking Features Awning, Covered
Lot Features 1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre, Oversized Lot, Septic
Water Source Public
Waterfront Y/N No
Road Frontage Type City StreetCity/County MaintainedPaved RoadCity

Location

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