Hollywood, FL 33020 2531 Pierce
$697,500
Presented By: This listing is courtesy of United Realty Group Inc.
Beds • 2
Baths • 2
SQFT • 1,440
Home Details
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
Presented By: This listing is courtesy of United Realty Group Inc.
Interior Features for 2531 Pierce
Bedrooms
Total Bedrooms2
Bathrooms
Total Baths
Other Interior Features
LivingAreaSourceAppraiser
Air Conditioning Y/NYes
FlooringTerrazzo, Tile, Vinyl
Heating Y/NYes
Interior AmenitiesMain Living Area Entry Level
Total Stories1
General for 2531 Pierce
Architectural StyleTwin Home, Duplex
CityHollywood
Construction MaterialsBlock, Stucco
CoolingCeiling Fan(s), Wall/Window Unit(s)
CountyBroward
DisclosuresOwner Is Listing Agent
Elementary SchoolOakridge
Expected Active Date 2026-06-04
Full Baths2
Gross Income37344
HeatingWall Furnace
High SchoolSouth Broward
Legal DescriptionHOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14
LevelsOne
Listing TermsCash, Conventional, Cryptocurrency, 1031 Exchange, Owner May Carry, Owner May CarrySecond
Lot Size UnitsSquare Feet
MLS Area3050
MLS Area MinorHollywood East (3010-3050)
Middle/Junior High SchoolOlsen
Net Operating Income20131
Number Of Units Total2
Pets AllowedNo Pet Restrictions
Pool FeaturesNone
PossessionClosing & Funding, Close Plus, Immediately, Negotiable
PostalCityHollywood
Property Sub Type AdditionalCondominium, Duplex
Property SubtypeCondominium
Property TypeResidential Income
RoofComposition, Flat, Shingle, Tile
Senior Community Y/NNo
SewerNot Connected (at lot), Public Sewer, Other, Private Sewer, Septic Tank, Treatment Plant
Standard StatusActive
StatusActive
Stories Count1
Structure TypeMulti Family
Subdivision NameHOLLYWOOD LITTLE RANCHES
Tax Annual Amount9666
Tax Assessed Value360980
Tax Year2025
Total Actual Rent37344
UtilitiesCable Available, Electricity Available, Phone Available, Water Available, Sewer Available
Virtual TourClick here
Year Built1949
Zoning DescriptionRM-18
Exterior for 2531 Pierce
Building Area Total1785
Covered Spaces
Exterior AmenitiesLighting, Other, Awning(s)
Lot Features<1 Acre, Oversized Lot, 1/4 to 1/2 Acre Lot
Lot Size Acres0.35
Number of Separate Electric Meters2
Road Frontage TypeCity Street
Road ResponsibilityPublic Maintained Road
Road Surface TypePaved
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
South Broward High School
Middle School
Olsen Middle School
Elementary School
Oakridge Elementary School
Marcel Boss P.A.
Realtor® | ABR® | CLP | CIPS | SFR®
