Hollywood, FL 33020 2531 Pierce Street
$697,500
32 more
Presented By: United Realty Group Inc.
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: United Realty Group Inc.
Interior Features for 2531 Pierce Street
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTerrazzo, Tile, Vinyl
Heating Y/NYes
Total Stories1
General for 2531 Pierce Street
AccessibilityNone
CityHollywood
Construction MaterialsBlock, Concrete, Stucco
CoolingCeilingFans, WallWindowUnits
CountyBroward
DisclosuresOwnerIsListingAgent
Elementary SchoolOakridge
Gross Income37344
HeatingWallFurnace
High SchoolSouth Broward
Legal DescriptionHOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14
MLS Area3050
Middle/Junior High SchoolOlsen
Net Operating Income20131
Number Of Units Total2
Pets AllowedNoPetRestrictions, Yes
PossessionNegotiable
PostalCityHollywood
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
RoofFlat, Shingle
Senior Community Y/NNo
SewerPublicSewer, PrivateSewer, SepticTank
Standard StatusActive
StatusActive
Subdivision NameHOLLYWOOD LITTLE RANCHES
Tax Annual Amount9666.78
Tax Year2025
Tenant PaysNone
UtilitiesCableConnected, ElectricityConnected, PhoneConnected, SewerAvailable, WaterConnected
Virtual TourClick here
Year Built1949
Exterior for 2531 Pierce Street
Building Area Total1785
Exterior AmenitiesAwnings, Lighting, Other, Storage
Lot Dimensions75 feet wide x 206 feet deep
Lot FeaturesOversizedLot, QuarterToHalfAcreLot
Lot Size Acres0.35
Lot Size Area15393
Road Frontage TypeCityStreet
Road ResponsibilityPublicMaintainedRoad
Road Surface TypeAsphalt, Paved
Total Parking4
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
Yehuda Arieh Renner
Realtor
