Ad #8009849
MLS #B26036952
Rare opportunity to acquire an income producing 3/2 home
2531 Pierce St, Hollywood, FL 33020
$697,500
3Beds
2Baths
1,440Sqft
0.35Acres
About this property
Rare opportunity to acquire an income producing 3/2 home (w/in-law suite) & additional development capacity, walking distance from schools, library, parks & Downtown Hollywood, at over 20% below market value. Lots of new development nearby. Investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home or solely as a land play; the true value is in both. The existing 3 bedroom 2 bathroom home can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 9 units, without tearing down the current structure. All of the additional 8 units can be ~760 square foot 2 bedroom apartments. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.3M-$1.5M. All in:~$2M. Projected value:$3M+ = ~$1M instant equity. Potential ~10% cap. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.
Property Features
3 Beds
2 Baths
1,440 Sqft
Built in 1949
0.35 Acres
1 Story
Covered, Carport
Siding: Block, CBS, Concrete, Concrete Block - With Stucco, Stucco
Flat, Shingle Roof
$9,667 / yr property tax
Broward County
HOLLYWOOD LITTLE RANCHES Community
Additional Photos
Contact Information
Michael J Sheer
United Realty Group Inc
954-993-6664
Location
Listing Agent: Michael J Sheer (License #: 3355952) 954-993-6664
Broker: United Realty Group Inc 954-450-2000 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: United Realty Group Inc 954-450-2000 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
BeachHouse.com
Printed Aug 12, 2026
Photo Gallery
$697,500
3
Beds
2
Baths
1,440
Sqft
2531 Pierce St, Hollywood, FL 33020
By contacting this agent you agree to these Terms and Conditions.
MLS# B26036952
Rare opportunity to acquire an income producing 3/2 home
$697,500
2531 Pierce St, Hollywood, FL 33020
3
Beds
2
Baths
1,440
Sqft
0.35
Acres
$697,500
2531 Pierce St, Hollywood, FL 33020
3 Beds
2 Baths
1,440 Sqft
0.35 Acres
Rare opportunity to acquire an income producing 3/2 home (w/in-law suite) & additional development capacity, walking distance from schools, library, parks & Downtown Hollywood, at over 20% below market value. Lots of new development nearby. Investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home or solely as a land play; the true value is in both. The existing 3 bedroom 2 bathroom home can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 9 units, without tearing down the current structure. All of the additional 8 units can be ~760 square foot 2 bedroom apartments. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.3M-$1.5M. All in:~$2M. Projected value:$3M+ = ~$1M instant equity. Potential ~10% cap. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.
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Property Details
HOME DETAILS
3 Beds
2 Baths
1,440 Sqft
Built in 1949
0.35 Acres
1 Story
EXTERIOR
Covered, Carport
Siding: Block, CBS, Concrete, Concrete Block - With Stucco, Stucco
Flat, Shingle Roof
FINANCIAL & COMMUNITY
$9,667 / yr property tax
Broward County
HOLLYWOOD LITTLE RANCHES Community
See More Details
Location
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Ad Statistics
Ad Number
8009849
Viewed
37 times
Listing Status
Active
Added
Jul 01, 2026
Last Refreshed
Jul 03, 2026 06:17:28 PM
Listing Information
Data Source
BeachesMLS
Source Property ID
B26036952
Listing Agent: Michael J Sheer (License #: 3355952) 954-993-6664
Broker: United Realty Group Inc 954-450-2000 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Broker: United Realty Group Inc 954-450-2000 Listing Site
Copyright © 2026 BeachesMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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