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$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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Albert Pavon

albert@thepavonteam.com +1(561) 644-2201

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

Bedrooms 3

Full Baths 2

Construction Status Resale

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 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

Area 3050

Zoning RM-18

Direction South

Rooms

Main Level Bedrooms 2

Interior

Interior Features Bedroom on Main Level, Other, Split Bedrooms, Storage

Heating Wall Furnace

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

Flooring Laminate, Parquet, Terrazzo, Tile, Vinyl

Furnishings Unfurnished

Fireplace No

Appliance Cooktop, Dryer, Electric Cooktop, Electric Range, Microwave, Oven, Range, Refrigerator, Water Heater, Washer

Exterior

Exterior Feature Awning(s), Other, Storage

Parking Features Attached Carport, Covered, Carport

Carport Spaces 1

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

Garage No

Private Pool No

Building

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

Dwelling Type House

Faces South

Story 1

Entry Level One

Sewer Public Sewer, Private Sewer, Septic Tank

Water Public

Architectural Style Contemporary

Level or Stories One

Structure Type Block,Concrete,Stucco

New Construction No

Construction Status Resale

Schools

Elementary Schools Oakridge

Middle Schools Olsen

High Schools South Broward

Others

Pets Allowed Yes

Senior Community No

Restrictions No Restrictions

Tax ID 514216015270

Security Features Smoke Detector(s)

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

Membership Fee Required false

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

Special Listing Condition Standard

Pets Allowed No Pet Restrictions, Yes

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

Listed by Michael J Sheer United Realty Group Inc.

NEARBY SCHOOL & BUSINESS

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Albert Pavon

Broker | BKBK3115993

+1(561) 644-2201

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2531 Pierce ST Hollywood, FL 33020

Albert Pavon

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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2531 Pierce ST