Residential

2531 Pierce

Hollywood, FL 33020

ML#:B26036952

List Price:$697,500

Status:Active

Days on Market:4

Listing Brkr:United Realty Group Inc.

Subdivision:HOLLYWOOD LITTLE RANCHES

Bedrooms:3

Baths:2

SqFt (Liv):1,440

Lot Size:0.35 acres

Year Built:1949

Stories:1

General Information

Type Property:Residential

Style:Single Family Residence

Pool:—

Garage Spaces:0

Parking:—

Location Information

County:Miami-Dade County

Zip:33020

Subdivision:HOLLYWOOD LITTLE RANCHES

Latitude:26.016312

Longitude:-80.158454

Rooms

Total Rooms:3

Bedrooms:3

Full Baths:2

Half Baths:0

Additional Features

Interior:Other, Split Bedroom, Storage

Exterior:Other

Appliances:Dryer, Microwave, Other Equipment/Appliances, Electric Range, Refrigerator, Self Cleaning Oven, Solar Hot Water, Wall Oven, Washer

Flooring:Parquet, Terrazzo, Tile, Vinyl

Heating:Window/Wall

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

Construction:Concrete Block Construction, CBS Construction, Stucco

Waterfront:No

Furnished:Unfurnished

Pets Allowed:Yes

Community:Paved Road

Security:Smoke Alarm, Smoke Detector(s), Smoke Detector

Financial Information

Annual Taxes (2025):$9,666

Days on Market:4

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 Agent

Michael J Sheer

United Realty Group Inc.

IDX information is provided exclusively for 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 is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 604-3276