2531 Pierce Street
Hollywood, FL 33020
3
Bed
2
Bath
1,440Sqft
0.35Acre(Lot)
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
Property Details
Map
Map
Features
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Bedroom Information
Total beds: 3Bathroom Information
Total Baths: 2 Full Baths: 2Room Information
Rooms Total: 3Roofing Information
Composition, Flat, Shingle, TileFlooring Information
Parquet, Terrazzo, Tile, Vinyl -
Interior Features
BedroomOnMainLevel, MainLivingAreaEntryLevel, Other, SplitBedroomsRoof: Composition, Flat, Shingle, TileAppliances: BuiltInOven, Dryer, ElectricRange, Microwave, Other, Refrigerator, SolarHotWater, SelfCleaningOven, Washer -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace Has Cooling: Yes Cooling: CeilingFans, WallWindowUnits
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Building Information
Year Built: 1949Building Area Total: 1785Construction Materials: Block, StuccoStories: 1Pool Features: NonePrivate Pool: No -
Exterior Features
Exterior Features: Other, Awnings
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Lot Information
Lot Size Acres: 0.35 Lot Description: LessThanOneAcre,OversizedLot,QuarterToHalfAcreLotProperty Information
Subdivision: HOLLYWOOD LITTLE RANCHES Source Property Type: Residential MLS Area Minor: Hollywood East (3010-3050) Postal Code Plus 4: 4311 Zoning Description: RM-18 Property SubType: Single Family Residence Direction Faces: South Levels: One Property Age: 77
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Listing Price Information
Listing Price: $697500Cash, Conventional, Cryptocurrency, Exchange1031, OwnerMayCarry, OwnerMayCarrySecond
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Tax Information
Parcel Number: 514216015270 Tax Year: 2025 Annual Tax: $9666 Tax Legal Desc: HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14
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Virtual Tour
Parking Information
Parking Total: 4 Attached, Covered, Garage, TwoOrMoreSpacesGarage Information
Has Garage: Yes Has Attached Garage: Yes Pets Allowed: NoPetRestrictions
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School Information
Elementary School: Oakridge Junior High School: Olsen Senior High School: South Broward -
Utility Information
CableAvailable, ElectricityAvailable, Other, PhoneAvailable, SewerAvailable, WaterAvailable -
Location Information
WaterSource: Public Security Features: SmokeDetectors
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1516 Jefferson Street, Hollywood, FL, 33020 | $1,395,000 | 4 | 3 | 2,166 | 2,166 SqFt |
| 2703 Fillmore Street, Hollywood, FL, 33020 | $770,000 | 3 | 3 | 1,558 | 1,558 SqFt |
| 1617 Adams Street, Hollywood, FL, 33020 | $995,000 | 3 | 3 | 1,444 | 1,444 SqFt |
| 1550 N Trafalgar Cir, Hollywood, FL, 33020 | $475,000 | 3 | 3 | 1,399 | 1,399 SqFt |
| 1626 Tyler Street, Hollywood, FL, 33020 | $635,000 | 2 | 2 | 1,712 | 1,712 SqFt |
| 2431 Mayo St, Hollywood, FL, 33020 | $486,000 | 3 | 2 | 1,030 | 1,030 SqFt |
| 1506 Cleveland Street, Hollywood, FL, 33020 | $499,900 | 2 | 2 | 1,341 | 1,341 SqFt |
| 1532 Fletcher Street, Hollywood, FL, 33020 | $799,900 | 3 | 3 | 1,608 | 1,608 SqFt |
| 2239 Sheridan St, Hollywood, FL, 33020 | $269,000 | 2 | 1 | 542 | 542 SqFt |
| 1523 Johnson St, Hollywood, FL, 33020 | $679,000 | 2 | 2 | 1,175 | 1,175 SqFt |
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ByOwner last updated this listing 06/16/2026 @ 09:21
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