2531 Pierce ,Duplex, Hollywood Little Ranches en Venta

2531 Pierce en Venta

Precio $697,500.00

• Tamaño de lote 1785
• Año de construcción 1949
• Frente al agua
• Zip 33020
• Estilo Twin Home, Half Duplex, Twin Homes
• Parking Descripción
• Piscina Yes
• Estado Active

Descripción

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

HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14

1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre, Oversized Lot, Septic

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

City:Hollywood,Roof:1:Flat Tile,2:Flat Roof With Facade Front,3:Shingle,Sewer:1:Public Sewer,2:Other,3:Public Sanitation,4:Private Treatment Plant,5:Septic Tank,6:Sewer,7:On-Site Treatment,Zoning:RM-18,Cooling:1:Wall/Window Unit(s),Country:United States,List A O R:BeachesMLS,Stories:1,Tax Year:2025,Flooring:1:Tile,2:Vinyl,Latitude:26.016312,Cooling Y N:1,Heating Y N:1,List Price:697500,Listing Id:B26036914,Longitude:-80.1584545,Mls Status:Active,Utilities:1:Sewer Connected,2:Cable Available,3:Electricity Available,4:Phone Available,5:Sewer Available,6:Water Available,Year Built:1949,High School:South Broward,Living Area:1440,Possession:1:Long Closing Preferred,2:Negotiable,Postal Code:33020,Street Name:Pierce,Coordinates:1:26.016312,Gross Income:37344,Lot Features:1:Less Than 1 Acre,2:Oversized Lot,3:Septic,Photos Count:38,Business Type:1:Residential-Multi-Family,Days On Market:7,Listing Terms:1:Conventional,2:Cryptocurrency,3:Exchange,4:Owner Will Carry,5:Owner Hold 2nd Mortgage,Lot Size Acres:0.35,Lot Size Units:Square Feet,M I A M I R E_ Area:3050,M L S Area Major:Hollywood Little Ranches,On Market Date:2026-06-01,Parcel Number:514216015270,Property Type:Residential Income,Stories Total:1,Street Number:2531,Street Suffix:Street,Public Remarks: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,County Or Parish:Broward County,Documents Count:2,Expiration Date:2027-05-31,List Office Name:United Realty Group Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4311,Property Sub Type:Duplex,Road Surface Type:1:Paved,State Or Province:FL,Subdivision Name:HOLLYWOOD LITTLE RANCHES,Tax Annual Amount:9666,Total Actual Rent:37344,Unparsed Address:2531 Pierce Street, Hollywood FL 33020,Elementary School:Oakridge,Exterior Features:1:Other,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Road Frontage Type:1:City/County Maintained,2:Paved Road,3:City,Building Area Total:1785,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:484.375,M I A M I R E_ Num Floors:1,M I A M I R E_ Num Meters:2,Original List Price:697500,Architectural Style:1:Half Duplex,2:Twin Homes,Building Area Source:Appraisal,Documents Available:1:Other Documents Available,I D X Participation Y N:1,Net Operating Income:20131,Number Of Units Total:2,Property Attached Y N:1,Syndication Remarks: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 Contract Date:2026-06-01,Originating System I D:miamire,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Elect Lockbox-Call List Agent,List Agent Must Accompany,Text Agent Phone Number,Street Number Numeric:2531,Tax Legal Description:HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14,M I A M I R E_ Current Price:697500,M I A M I R E_ Owner Agent Y N:1,Middle Or Junior School:Olsen,Construction Materials:1:CBS Construction,2:Stucco,M I A M I R E_ Num Leases Year:100,M I A M I R E_ Year Installed:1949,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Hollywood East (3010-3050),M I A M I R E_ Main Living Area:Entry Level,M I A M I R E_ Parcel Number M L X:5142,M I A M I R E_ Supplement Count:2,Contract Status Change Date:2026-06-01,Internet Address Display Y N:1,Number Of Units In Community:2,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Subdivision Number:1,M I A M I R E_ Acreage Description:1/4+ To 1/2 Acre,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Num Times Leased Year:100,M I A M I R E_ Agent Alternate Phone:954-993-6664,M I A M I R E_ Approx Sqft Total Area:15393,Internet Entire Listing Display Y N:1,M I A M I R E_ Dade Market Amt Assessed Amt:360980,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:484.38,Internet Automated Valuation Display Y N:1,