HOMES BY DARCI
Southern Key Realty
2531 Pierce Street Hollywood FL
Address
2531 Pierce Street, Hollywood, FL
Price
$ 697,500
Property Attributes
- MLS#B26036967
- TypeSingle Family
- Listing Status Active
- CountyBroward
- CityHollywood
- Area3050
- Zip
- Style
- Year Built1949
- Taxes$ 9666
- Price$ 697,500
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage1785
- Lot Size0.35 Acres
Data Source:
Beaches MLS (FL)
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
| Price History | |
|---|---|
| 6/4/2026 | Listed $697,500 |
General Features
| Sewer | PublicSewer,PrivateSewer,SepticTank |
|---|---|
| Heating | WallFurnace |
| Cooling | CeilingFans,WallWindowUnits |
| Utilities | CableConnected,ElectricityConnected,Other,PhoneConnected,SewerConnected,WaterConnected |
| Possession | Negotiable |
| Roof | Flat,Shingle |
| Security Features | Other,SmokeDetectors |
| Construction Materials | Block,Concrete,Stucco |
| Year Built | 1949 |
| Electric | Other |
| Property Subtype | MultiFamily |
| Tax Year | 2025 |
| Gross Income | 37344 |
| Accessibility | None |
| County | Broward |
| Net Operating Income | 20131 |
| Insurance Expense | 3226 |
| Property Type | CommercialSale |
| Status | Active |
| City | Hollywood |
| Disclosures | OwnerIsListingAgent |
| MLS Area | 3050 |
| Tax Annual Amount | 9666.78 |
| Virtual Tour | https://www.propertypanorama.com/2531-Pierce-Street-Hollywood-FL/unbranded |
| Standard Status | Active |
| Property Sub Type Additional | MultiFamily |
| PostalCity | Hollywood |
| Legal Description | HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14 |
Interior Features
| Flooring | Laminate,Parquet,Terrazzo,Tile,Vinyl |
|---|---|
| Total Stories | 1 |
| Air Conditioning Y/N | true |
| Heating Y/N | true |
Exterior Features
| Parking Features | AccessibleParking,Covered |
|---|---|
| Lot Features | OversizedLot,QuarterToHalfAcreLot |
| Water Source | Public |
| Total Parking | 4 |
| Lot Size Area | 15393 |
| Building Area Total | 1785 |
| Lot Size Acres | 0.35 |
| Road Surface Type | Asphalt,Paved |
| Road Frontage Type | CityStreet |
| Road Responsibility | PublicMaintainedRoad |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in
Similar Properties
Just Listed
Hollywood
$ 697,500
2531 Pierce Street
Hollywood, FL 33020
- Type
- Single Family
- Size
- 1,440 SqFt
- Rooms
- 3 Beds + 2 Baths
Hollywood
$ 697,500
2531 Pierce Street
Hollywood, FL 33020
- Type
- Single Family
- Size
- 1,440 SqFt
- Rooms
- 0 Beds + 0 Baths
Primary On Main
Hollywood
$ 559,000
1934 Washington Street
Hollywood, FL 33020
- Type
- Single Family
- Size
- 1,537 SqFt
- Rooms
- 3 Beds + 2 Baths
Fort Lauderdale
$ 669,000
413 Sw 11th Street
Fort Lauderdale, FL 33315
- Type
- Single Family
- Size
- 1,614 SqFt
- Rooms
- 3 Beds + 2.5 Baths
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The data is provided exclusively for the user's personal non-commercial use, and may not be used for any purpose other than to identify properties that the user may be interested in purchasing or leasing. The properties displayed may not be all of the properties in the MLS's database, or all
These listings are provided by the IDX Program of Brevard County, Florida. Real Estate listings held by brokerage firms other than are marked with the IDX Logo and detailed information about them includes the name of the listing brokers. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information Deemed Reliable But Not Guaranteed.
Copyright
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
