2531 Pierce Street

Hollywood Little Ranches, Hollywood, FL 33020

$697,500
  • 3 Bedrooms
  • 2 Bathrooms
  • 1,440 Sqft

2531 Pierce Street
Hollywood Little Ranches, Hollywood, FL 33020

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3050 / Hollywood / FL

Single Family HIGHLIGHTS

  • Property Type

    Single Family

  • Style

    Contemporary

  • Year Built

    1949

  • Cooling

    Yes - Ceiling Fan(s), Wall/Window Unit(s)

  • Heating

    Yes - Wall Furnace

  • Stories

    1

  • RE Tax

    $9,667

Listing courtesy of Michael J Sheer of United Realty Group Inc..

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
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  • Acres

    0.35 Acres

  • Bathrooms (Full)

    2

  • Bedrooms Total

    3

  • Elementary School

    Oakridge

  • High School

    South Broward

  • Living Area

    1,440 Sqft

  • MLS #

    B26036952

  • Middle School

    Olsen

  • Property Type

    Single Family

  • Subdivision

    Hollywood Little Ranches

  • Year Built

    1949

  • Security Features

    Smoke Detector(s)

  • Architectural Style

    Contemporary

  • Building Area Total

    1785

  • Construction Materials

    Block, Concrete, Stucco

  • Levels

    One

  • Stories

    1

  • Structure Type

    House

  • Total Stories

    1

  • Year Built

    1949

  • Elementary School

    Oakridge

  • High School

    South Broward

  • Middle or Junior School

    Olsen

  • Pets Allowed

    Yes

  • Subdivision

    HOLLYWOOD LITTLE RANCHES

  • Zoning

    RM-18

  • Carport

    Yes

  • Carport Spaces

    1

  • Covered Spaces

    1

  • Faces Direction

    South

  • Open Parking Spaces

    3

  • Other Parking

    CarportSpaces:1.00

  • Other Structures

    Storage

  • Parking Features

    Attached Carport, Covered, Carport

  • Roof

    Flat, Shingle

  • Total Parking

    4

  • Annual Taxes

    $9,667

  • Appliances

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

  • Cooling

    Yes - Ceiling Fan(s), Wall/Window Unit(s)

  • Flooring

    Laminate, Parquet, Terrazzo, Tile, Vinyl

  • Furnished

    Unfurnished

  • Heating

    Yes - Wall Furnace

  • Interior Features

    Other, Storage

  • Main Level Bathrooms

    3

  • Main Level Bedrooms

    2

  • Sewer

    Public Sewer, Private Sewer, Septic Tank

  • Utilities

    Cable Connected, Electricity Connected, Other, Phone Connected, Sewer Connected, Water Connected

  • Water Source

    Public

in US Dollars

%

Total/Month

  • Principal & Interest
  • Property Taxes (monthly) $806

 *The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

2531 Pierce Street

Location

Nearby Points of Interest

  • Jade Lynn Corp

    Restaurants, Independent

  • Slumming Duchess Pink Market

    Non Food Shops, Independent

  • Park

    Parks

  • Garage Door Spring Repairs

    Home Improvement, Independent

  • Dr Barry Harris

    Health Care, Independent

Data courtesy of LocalLogic.co

Hollywood
Neighborhood

Hollywood

Hollywood, Florida is a coastal city known for its blend of laid-back beach living, cultural venues, active neighborhoods, and convenient access to both Miami and Fort Lauderdale. Its centerpiece is the Hollywood Beach Broadwalk, a...

2531 Pierce Street

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