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

Team At The Comerford Group

+1(941) 586-3229
$697,500
Est. payment /mo
1,785 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,785 sqft

Price per Sqft $390

MLS Listing ID B26036967

HOA Y/N No

Year Built 1949

Annual Tax Amount $9,666

Tax Year 2025

Lot Size 0.350 Acres

Acres 0.35

Property Sub-Type Multi Family

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 Laminate, Parquet, Terrazzo, Tile, Vinyl

Fireplace No

Exterior

Parking Features Accessible Parking, Covered

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

Water Access Desc Public

Roof Type Flat,Shingle

Street Surface Asphalt,Paved

Accessibility None

Road Frontage City Street

Total Parking Spaces 4

Building

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

Story 1

Sewer Public Sewer, Private Sewer, Septic Tank

Water Public

Structure Type Block,Concrete,Stucco

Others

Tax ID 514216015270

Security Features Other,Smoke Detector(s)

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

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

Special Listing Condition Standard

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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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