2531 Pierce Street Hollywood FL 33020

Address
2531 Pierce Street, Hollywood, FL
Price
$ 697,500
Property Attributes
  • MLS#B26036952
  • Type
  • Listing Status Active
  • CountyBroward
  • CityHollywood
  • Area3050
  • NeighborhoodHOLLYWOOD LITTLE RANCHES
  • Zip33020
  • Style
  • Year Built1949
  • Taxes$ 9666
  • Price$ 697,500
  • Bedrooms3
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage1440
  • Lot Size0.35 Acres
Data Source:
Beaches MLS (FL)
Property Description

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

Elementary School Middle School High School
Oakridge Elementary School Olsen Middle School South Broward High School
Price History
6/4/2026 Listed $697,500

General Features

Sewer PublicSewer,PrivateSewer,SepticTank
Heating WallFurnace
Cooling CeilingFans,WallWindowUnits
Utilities CableConnected,ElectricityConnected,Other,PhoneConnected,SewerConnected,WaterConnected
Possession Negotiable
Roof Flat,Shingle
Appliances Cooktop,Dryer,ElectricCooktop,ElectricRange,Microwave,Oven,Range,Refrigerator,WaterHeater,Washer
Architectural Style Contemporary
Security Features SmokeDetectors
Construction Materials Block,Concrete,Stucco
Pets Allowed NoPetRestrictions,Yes
Year Built 1949
Stories Count 1
Levels One
Property Subtype SingleFamilyResidence
Tax Year 2025
Accessibility None
County Broward
New Construction false
Property Type Residential
Subdivision Name HOLLYWOOD LITTLE RANCHES
Facing Direction South
Garage Y/N false
Full Baths 2
Status Active
High School South Broward
City Hollywood
Disclosures OwnerIsListingAgent
Senior Community Y/N false
MLS Area 3050
Carport Spaces 1
Carport Y/N true
Elementary School Oakridge
Tax Annual Amount 9666.78
Middle/Junior High School Olsen
Property Condition Resale
Virtual Tour https://www.propertypanorama.com/2531-Pierce-Street-Hollywood-FL-33020--B26036952/unbranded
Standard Status Active
Occupancy Type Tenant
Property Sub Type Additional SingleFamilyResidence
PostalCity Hollywood
Legal Description HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14

Interior Features

Interior Amenities BedroomOnMainLevel,Other,SplitBedrooms,Storage
Flooring Laminate,Parquet,Terrazzo,Tile,Vinyl
Furnished Y/N Unfurnished
Total Stories 1
Air Conditioning Y/N true
Heating Y/N true
Fireplace Y/N false
Total Bedrooms 3
Main Level Bedrooms 2
Main Level Bathrooms 3
Total Baths 2

Exterior Features

Exterior Amenities Awnings,Other,Storage
Parking Features AttachedCarport,Covered,Carport
Lot Features OversizedLot,QuarterToHalfAcreLot
Water Source Public
Total Parking 4
Lot Size Area 15393
Building Area Total 1785
Lot Dimensions 75 feet x 206 feet
Lot Size Acres 0.35
Road Surface Type Asphalt,Paved
Waterfront Y/N false
Covered Spaces 1
Road Frontage Type CityStreet
Road Responsibility PublicMaintainedRoad

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Average in 33020

Price
AVG $570K
$700K
Taxes
AVG $9,316
$9,666
Year Built
AVG 1958
1949

Areas We Cover