$2,350,000 USD
305-450-4028
1946 Pierce St
Hollywood, FL 33020
Royal Poinciana
HIGHLIGHTS
- Matthews™ is pleased to present 1946 Pierce St, an 11-unit multifamily property located in the core Hollywood submarket of Hollywood, Florida. The pro
- The asset is strategically positioned near Downtown Hollywood, US-1, I-95, and Fort Lauderdale–Hollywood International Airport, offering tenants conve
- From an investment standpoint, the property offers a clear mark-to-market value-add opportunity, with in-place rents approximately 11% below prevailin
- At the $2.35M list price, the asset is positioned to attract investors seeking a modernized, stabilized Hollywood multifamily asset with durable cash
FOR SALE DETAILS
PRICE
$2,350,000 USD
PRICE/SF
$457 USD /SF
# OF UNITS
11
PRICE/UNIT
$213,636
CAP RATE
7.05%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Lighthouse Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1957
PARKING SPACES
6
LAND DETAILS
LAND ACRES
0.25 AC
LAND SF
10,907 SF
ZONING
ND-2
APN/PARCEL ID
51-42-15-01-3550
ASK ABOUT THIS PROPERTY
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305-450-4028
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305-450-4028
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