2459 Pierce St - Multi-Family FOR SALE


Hollywood, FL 33020- North Central Hollywood
$1,000,000 USD
954-743-7594
2459 Pierce St, Hollywood, FL for Sale
$1,000,000 USD
Multi-Family - FOR SALE
1/17
null | Request Cap Rate

2459 Pierce St
Hollywood, FL 33020
North Central Hollywood


HIGHLIGHTS

  • Prime Value-Add Opportunity: Two triplexes (6 units) on a half-acre lot in Hollywood, offering excellent upside for value-focused investors.
  • Unit Mix: Four 1BD/1BA units and two studios—perfect for diverse tenant demand.
  • Utilities: Separate electric meters per unit; one water meter per building.
  • Upside Potential: All units are month-to-month with below-market rents. Pro-forma gross income of $115,200 annually after renovations.
  • Condition: Fixer-upper ready for upgrades to boost cash flow and long-term value.
  • Bonus: Seller financing available, offering flexible investment terms.

OVERVIEW

Prime value-add multifamily opportunity in Hollywood! This offering features two triplexes at 2459 & 2463 Pierce St with 6 total units—four 1-bed/1-bath units and two studios—on a half-acre lot. Each unit has a separate electric meter, and each building has its own water meter. This fixer-upper requires rehab, and current rents are below market with all units month-to-month, offering immediate upside. With a pro-forma gross income of $115,200, renovations provide significant potential for rent growth and higher returns. Ideally located just 5 minutes from Downtown Hollywood and I-95, 8 minutes to Hollywood Beach, and 10 minutes from FLL Airport, this property is perfect for investors seeking scale, income growth, and long-term appreciation. Seller financing available!

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$676 USD /SF

# OF UNITS

6

PRICE/UNIT

$166,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6 Unit Value-Add

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

RM-18

APN/PARCEL ID

51-42-16-01-5220

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.