$697,500

2531 Pierce Street, Hollywood, FL 33020

  • 1,785 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1949
  • Property Lot Size Icon0.35acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $391/sqft
  • Property List Date Icon Listed 7 days ago

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

Listing Status:
Active
Date Added:
June 4, 2026
Data Last Updated:
June 11, 2026 at 7:08AM
Listing Office:
United Realty Group Inc. : 954-450-2000
Listing Agent:
Michael J Sheer : 954-993-6664
MLS ID:
B26036967
  • Flooring: ParquetTerrazzoTileVinyl
  • A/C: Ceiling Fan(s)Wall/Window Unit(s)
  • Heating: Window/Wall
  • Disability Feature: Accessible Parking
  • Parking: AwningCoveredParking spaces: 4
  • Roofing: Comp Shingle RoofFlat TileFlat Roof With Facade FrontShingle
  • General: Concrete Block ConstructionCBS ConstructionStucco1
  • Road/Access: City StreetCity/County MaintainedPaved RoadCity
  • Originating MLS: Miami Association of REALTORS®
  • County: Broward County
  • Zoning: RM-18HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14514216015270
  • Utilities: Other Utilities AvailableSepticCable AvailableElectricity AvailableOtherPhone AvailableSewer AvailableWater AvailableOther ElectricElectricity on Property
  • Water: Public
  • Sewer: Public SewerPublic SanitationPrivate Treatment PlantSeptic TankSewerOn-Site Treatment
  • Source: Miami Association of REALTORS®

This listing courtesy of Michael J Sheer , United Realty Group Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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