2531 Pierce ST, Hollywood, FL 33020
2531 Pierce ST, Hollywood, FL 33020
2531 Pierce ST, Hollywood, FL 33020
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Team At The Comerford Group

Team At The Comerford Group

+1(941) 586-3229
$697,500
Est. payment /mo
1,440 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $484

Subdivision Hollywood Little Ranches

MLS Listing ID B26036914

HOA Y/N No

Total Fin. Sqft 1440

Year Built 1949

Annual Tax Amount $9,666

Tax Year 2025

Lot Size 0.350 Acres

Acres 0.35

Property Sub-Type Duplex

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

Zoning RM-18

Interior

Interior Features InteriorFeatures

Heating Wall Furnace

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

Flooring Terrazzo, Tile, Vinyl

Fireplace No

Exterior

Exterior Feature Awning(s), Lighting, Other, Storage

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

Water Access Desc Public

Roof Type Flat,Shingle

Street Surface Asphalt,Paved

Accessibility None

Road Frontage City Street

Total Parking Spaces 4

Private Pool No

Building

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

Dwelling Type Duplex,House,Multi Family

Story 1

Sewer Public Sewer, Private Sewer, Septic Tank

Water Public

Structure Type Block,Concrete,Stucco

Schools

Elementary Schools Oakridge

Middle Schools Olsen

High Schools South Broward

Others

Senior Community No

Restrictions No Restrictions

Tax ID 514216015270

Acceptable Financing Cash, Conventional, Cryptocurrency, 1031 Exchange, Owner Will Carry, Private Financing Available

Listing Terms Cash, Conventional, Cryptocurrency, 1031 Exchange, Owner Will Carry, Private Financing Available

Special Listing Condition Standard

Pets Allowed No Pet Restrictions, Yes

Virtual Tour https://www.propertypanorama.com/2531-Pierce-Street-Hollywood-FL-33020/unbranded

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BeachesMLS, Inc. (FLR) IDX
Listed by Michael J Sheer United Realty Group Inc.

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2531 Pierce ST

Team At The Comerford Group
Team At The Comerford Group

Team Leader | Broker Associate | License ID: BK3455404

+1(941) 586-3229 | team@thecomerfordgroupfl.com

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