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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Interior Features
MainLivingAreaEntryLevelRoof: Composition, Flat, Shingle, Tile -
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: Lighting, 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: ResidentialIncome MLS Area Minor: Hollywood East (3010-3050) Postal Code Plus 4: 4311 Zoning Description: RM-18 Property SubType: Condominium 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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Garage Information
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, PhoneAvailable, WaterAvailable, SewerAvailable -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2525 N 23rd Ave, Hollywood, FL, 33020 | $564,900 | 4 | 2 | 1,594 | 1,594 SqFt |
| 2620 Harding Street, Hollywood, FL, 33020 | $665,000 | 3 | 3 | 1,551 | 1,551 SqFt |
| 1916 - 1918 Grant Street, Hollywood, FL, 33020 | $749,000 | -- | -- | 2,975 | 2,975 SqFt |
| 1914 Sheridan Street #1-2, Hollywood, FL, 33020 | $645,000 | 3 | 2 | 1,684 | 1,684 SqFt |
| 2247 Simms St, Hollywood, FL, 33020 | $1,295,000 | 1 | 1 | 3,164 | 3,164 SqFt |
| 2240 Simms St, Hollywood, FL, 33020 | $850,000 | 8 | 4 | 2,400 | 2,400 SqFt |
| 1842 Madison St, Hollywood, FL, 33020 | $1,350,000 | 9 | 6 | 4,001 | 4,001 SqFt |
| 2033 Dewey St, Hollywood, FL, 33020 | $759,000 | 4 | 4 | 2,034 | 2,034 SqFt |
| 1116 S 17th Avenue, Hollywood, FL, 33020 | $795,000 | 5 | 5 | 2,688 | 2,688 SqFt |
| 1123 N 17th Avenue, Hollywood, FL, 33020 | $940,000 | 3 | 2 | 1,540 | 1,540 SqFt |
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ByOwner last updated this listing 06/17/2026 @ 20:05
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