Hollywood, FL 33020 2531 Pierce Street
$697,500
32 more
Presented By: United Realty Group Inc.
Beds • 3
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: United Realty Group Inc.
Interior Features for 2531 Pierce Street
Bedrooms
Main Level Bedrooms2
Total Bedrooms3
Bathrooms
Half Baths0
Main Level Bathrooms3
Total Baths2
Other Interior Features
Air Conditioning Y/NYes
Fireplace Y/NNo
FlooringLaminate, Parquet, Terrazzo, Tile, Vinyl
Furnished Y/NUnfurnished
Heating Y/NYes
Interior AmenitiesBedroomOnMainLevel, Other, SplitBedrooms, Storage
Total Stories1
General for 2531 Pierce Street
AccessibilityNone
AppliancesCooktop, Dryer, ElectricCooktop, ElectricRange, Microwave, Oven, Range, Refrigerator, WaterHeater, Washer
Architectural StyleContemporary
Carport Spaces1
Carport Y/NYes
CityHollywood
Construction MaterialsBlock, Concrete, Stucco
CoolingCeilingFans, WallWindowUnits
CountyBroward
DisclosuresOwnerIsListingAgent
Elementary SchoolOakridge
Facing DirectionSouth
Full Baths2
Garage Y/NNo
HeatingWallFurnace
High SchoolSouth Broward
Legal DescriptionHOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14
LevelsOne
MLS Area3050
Middle/Junior High SchoolOlsen
New ConstructionNo
Occupancy TypeTenant
Pets AllowedNoPetRestrictions, Yes
PossessionNegotiable
PostalCityHollywood
Property ConditionResale
Property Sub Type AdditionalSingleFamilyResidence
Property SubtypeSingleFamilyResidence
Property TypeResidential
RoofFlat, Shingle
Security FeaturesSmokeDetectors
Senior Community Y/NNo
SewerPublicSewer, PrivateSewer, SepticTank
Standard StatusActive
StatusActive
Stories Count1
Subdivision NameHOLLYWOOD LITTLE RANCHES
Tax Annual Amount9666.78
Tax Year2025
UtilitiesCableConnected, ElectricityConnected, Other, PhoneConnected, SewerConnected, WaterConnected
Virtual TourClick here
Year Built1949
Exterior for 2531 Pierce Street
Building Area Total1785
Covered Spaces1
Exterior AmenitiesAwnings, Other, Storage
Lot Dimensions75 feet x 206 feet
Lot FeaturesOversizedLot, QuarterToHalfAcreLot
Lot Size Acres0.35
Lot Size Area15393
Parking FeaturesAttachedCarport, Covered, Carport
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
Dana Poirier
Realtor
