2531 Pierce Street, Hollywood, FL 33020 (MLS # B26036952)
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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
| DAYS ON MARKET | 2 | LAST UPDATED | 6/4/2026 |
|---|---|---|---|
| TRACT | HOLLYWOOD LITTLE RANCHES | YEAR BUILT | 1949 |
| COMMUNITY | 3050 | COUNTY | Broward |
| STATUS | Active | PROPERTY TYPE(S) | Single Family |
| Elementary School | Oakridge |
|---|---|
| Jr. High School | Olsen |
| High School | South Broward |
| ADDITIONAL DETAILS | |
| AIR | Ceiling Fan(s), Wall/Window Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| APPLIANCES | Cooktop, Dryer, Electric Cooktop, Electric Range, Microwave, Oven, Range, Refrigerator, Washer, Water Heater |
| AREA | 3050 |
| CONSTRUCTION | Block, Concrete, Stucco |
| EXTERIOR | Awning(s), Other, Storage |
| HEAT | Wall Furnace |
| INTERIOR | Other, Storage |
| LOT | 0.35 acre(s) |
| LOT DIMENSIONS | 75 feet x 206 feet |
| PARKING | Attached Carport, Covered, Carport |
| SEWER | Public Sewer, Private Sewer, Septic Tank |
| STORIES | 1 |
| STYLE | Contemporary |
| SUBDIVISION | HOLLYWOOD LITTLE RANCHES |
| TAXES | 9666.78 |
| UTILITIES | Cable Connected, Electricity Connected, Other, Phone Connected, Sewer Connected, Water Connected |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with United Realty Group Inc.
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