2531 Pierce ST, Hollywood, FL 33020
$697,500
Est. payment /mo
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3 Beds
2 Baths
1,440 SqFt
New

2531 Pierce ST Hollywood, FL 33020

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Ingrid Centeno

Ingrid Centeno

+1(786) 450-2650

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,440 sqft

Price per Sqft $484

Subdivision Hollywood Little Ranches

MLS Listing ID B26036952

Style Contemporary/Modern,One Story

Bedrooms 3

Full Baths 2

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 Single Family Residence

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

Community Hollywood Little Ranches

Area 3050

Interior

Interior Features Bedroom on Main Level, Main Living Area Entry Level, Other, Split Bedrooms

Heating Wall Furnace

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

Flooring Parquet, Terrazzo, Tile, Vinyl

Furnishings Unfurnished

Appliance Built-In Oven, Dryer, Electric Range, Microwave, Other, Refrigerator, Solar Hot Water, Self Cleaning Oven, Washer

Exterior

Exterior Feature Other, Awning(s)

Parking Features Attached

Carport Spaces 1

Pool None

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

Roof Type Composition,Flat,Shingle,Tile

Street Surface Paved

Total Parking Spaces 4

Garage Yes

Private Pool No

Building

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

Faces South

Story 1

Sewer Public Sewer, Private Sewer, Septic Tank, Treatment Plant

Water Public

Architectural Style Contemporary/Modern, One Story

Level or Stories One

Structure Type Block,Stucco

Schools

Elementary Schools Oakridge

Middle Schools Olsen

High Schools South Broward

Others

Pets Allowed No Pet Restrictions

Senior Community No

Restrictions No Restrictions

Tax ID 514216015270

Security Features Smoke Detector(s)

Acceptable Financing Cash, Conventional, Cryptocurrency, 1031 Exchange, Owner May Carry, Owner May CarrySecond

Listing Terms Cash, Conventional, Cryptocurrency, 1031 Exchange, Owner May Carry, Owner May CarrySecond

Pets Allowed No Pet Restrictions

Virtual Tour https://www.propertypanorama.com/2531-Pierce-Street-Hollywood-FL-33020--B26036952/unbranded

Miami Association of Realtors (SEFMIAMI MLS)
Listed by United Realty Group Inc.

NEARBY SCHOOL & BUSINESS

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2531 Pierce ST

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Ingrid Centeno

Ingrid Centeno

Broker Associate | License ID: 3437611

+1(786) 450-2650

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