2531 Pierce ,Agriculture, Hollywood Little Ranches en Venta & Alquilar

2531 Pierce en Venta & Alquilar

Precio $697,500.00

• Tamaño de lote 15393
• Año de construcción
• Frente al agua
• Zip 33020
• Estilo
• 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,Sewer:1:Public Sanitation,2:Private Treatment Plant,3:Septic Tank,4:Sewer,5:On-Site Treatment,Zoning:RM-18,Country:United States,List A O R:BeachesMLS,Tax Year:2025,Latitude:26.016312,List Price:697500,Listing Id:B26036934,Longitude:-80.1584545,Mls Status:Active,Utilities:1:Septic,2:Cable Available,3:Electricity Available,4:Other,5:Phone Available,6:Sewer Available,7:Water Available,Current Use:1:Unimproved Single Family (5+ Lots),High School:South Broward,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,Days On Market:4,Listing Terms:1:Conventional,2:Cryptocurrency,3:Exchange,4:Owner Will Carry,5:Owner Hold 2nd Mortgage,Lot Size Acres:0.3534,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:2026-06-04,Other Expense:8640,Parcel Number:514216015270,Property Type:Commercial Land,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,Direction Faces:South,Documents Count:3,Expiration Date:2027-07-31,Frontage Length:75,List Office Name:United Realty Group Inc.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,New Taxes Expense:9667,Postal Code Plus4:4311,Property Sub Type:Agriculture,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,Insurance Expense:3226,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Operating Expense:4320,Road Frontage Type:1:City/County Maintained,2:Paved Road,3:City,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:15393,M I A M I R E_ L P Amt Sq Ft:45.31,M I A M I R E_ Price Acre:1973684,Original List Price:697500,Documents Available:1:Plans Available,2:Survey Available,I D X Participation Y N:1,Net Operating Income:20131,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:2026-06-04,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,Gross Scheduled Income:37344,M I A M I R E_ Current Price:697500,M I A M I R E_ Jurisdiction:City,M I A M I R E_ Owner Agent Y N:1,Middle Or Junior School:Olsen,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_ Parcel Number M L X:5142,M I A M I R E_ Supplement Count:2,Contract Status Change Date:2026-06-04,Internet Address Display Y N:1,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_ Agent Alternate Phone:954-993-6664,Internet Entire Listing Display Y N:1,M I A M I R E_ Dade Market Amt Assessed Amt:360980,Internet Automated Valuation Display Y N:1,