2531 Pierce Street, Hollywood, FL 33020

Hollywood
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
2531 Pierce Street,Hollywood, FL 33020
$697,500
Virtual Tour
  • 3 Beds
  • - Baths
  • 1,440 sq. ft.
  • Single family
  • Active
Listed by: michael j sheer, wayne c charneco
Office: united realty group inc.
MLS#:B26036952
Source:RMLS

Price summary

  • Price:$697,500
  • Price per sq. ft.:$390.76

About this home

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

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Home facts

  • Year built:1949
  • Listing ID #:B26036952
  • Added:1 day(s) ago
  • Updated:June 04, 2026 at 11:40 PM

Rooms and interior

  • Bedrooms:3
  • Full bathrooms:2
  • Flooring:Laminate, Parquet, Terrazzo, Tile, Vinyl
  • Kitchen Description:Microwave, Refrigerator
  • Living area:1,440 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Wall Window Units
  • Heating:Wall Furnace

Structure and exterior

  • Roof:Flat, Shingle
  • Year built:1949
  • Building area:1,440 sq. ft.
  • Architectural Style:Contemporary
  • Construction Materials:Block, Concrete, Stucco
  • Exterior Features:Awnings
  • Levels:1 Story

Schools

  • High school:South Broward
  • Middle school:Olsen
  • Elementary school:Oakridge

Utilities

  • Water:Public
  • Sewer:Public Sewer, Septic Tank

Finances and disclosures

  • Price:$697,500
  • Price per sq. ft.:$390.76
  • Tax amount:$9,667 (2025)

Features and amenities

  • Appliances:Cooktop, Dryer, Microwave, Refrigerator, Washer
  • Laundry features:Dryer, Washer

Parking

  • Total parking spaces:4
  • Parking description:Attached Carport, Covered
  • Carport spaces:1
All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2026 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. RMLS Member Broker: Gene Whiddon III <gwhiddon@bhgfirst.com>

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