Hollywood Little Ranches, 2531 Pierce St Land in Hollywood, FL 33020
New - 4 days 17 hrs ago
$697,500
0.35
AcreStatus
Active
Size
0.35 Acres (1,430 m2)
Price
$1,992,857/Acre ($488/m2)
Type
Land
MLS Number
B26036934
On Site
4 Days
Updated
4 Days ago
Page Views
0
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 tota... Read more
Features
All features
- Current Use: Development, MultiFamily, SingleFamily
- Approx SqFt Total Area: 15393
- Property SqFt: 15393
- Remarks: 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
- REO: Standard
- Internet Remarks: 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
- Waterfront: No info
- Directions: South
- Days on Market: No info
- Office Name: United Realty Group Inc.
- Taxes: 9666.78
- Tax Year: 2025
- Listing Date: 2026-06-04T13:43:04.000-00:00
- Lot Size Square Feet: 15393
Apples-to-Apples Comparables
Price History
06/04/2026
Date
Listed
Event
$697.5K
Price
$45 ft2 / $488 m2
Price Per
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Michael Sheer • United Realty Group Inc. • Buyer Agency Compensation .
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