Do Real Estate on the Go!
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Do Real Estate on the Go!
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$697,500
3 Beds
- 2 Baths
2 full baths
1,440sqft
2531 Pierce St, Hollywood, FL 33020
$697,500
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Single Family Residence
Built in 1949
$-- HOA
15,246 sqft lot
$484/sq.ft
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 ...
Continue ReadingProperty Details
Status
Active
Type
Single Family Residence
No. of Stories
1
County
City
Neighborhood
Year Built
1949
HOA Fees
-
Finished Area
1,440 sqft
Lot Size
15,246 sqft lot
Basement Area
- sqft
MLS Name
Miami MLS
MLS Number
B26036952
MLS Status
Active
Days on Market
16
Cumulative Days on Market
-
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