2531 Pierce Street

<table width="100%" cellpadding="0" cellspacing="2" bordercolor=""><tr><td colspan="4" align="center" class="celltext"><table width="100%" style="height:100%;" border="0" align="right" cellpadding="3" cellspacing="0"><tr><td width="50%" valign="top" align="center" class="textHF"></td></tr></table></td></tr><tr><td colspan="4" class="celltextBOLDcolor" align="left" valign="middle" height="25"><table width="100%" border="0" cellpadding="0" cellspacing="0"><tr><td width="85%"><h1 style="margin:0px;padding:0px 0px 0px 2px;" class="text Replace">2531 Pierce Street, Hollywood, FL 33020</h1></td><td width="15%" align="right" class="text"></td></tr></table></td></tr><form name="form1" onSubmit="return(false);" id="form1"><tr><td valign="top" class="celltext" colspan="2"><div style="display:block;float:left;clear:both;position: relative;width: 99%;height: 100%; background-color: transparent;"><div class="advanced-slider" id="el-slider" ><ul class="slides" style="padding: 0px;" ><li 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class="slide"><img src="https://cdn.photos.sparkplatform.com/flr/20261022200439276164000000-o_37.jpg" alt="" class="image" /><img class="thumbnail" src="https://cdn.photos.sparkplatform.com/flr/20261022200439276164000000-o_37.jpg" alt="" /></li><li class="slide"><img src="https://cdn.photos.sparkplatform.com/flr/20261022200439276164000000-o_38.jpg" alt="" class="image" /><img class="thumbnail" src="https://cdn.photos.sparkplatform.com/flr/20261022200439276164000000-o_38.jpg" alt="" /></li><li class="slide"><img src="https://cdn.photos.sparkplatform.com/flr/20261022200439276164000000-o_39.jpg" alt="" class="image" /><img class="thumbnail" src="https://cdn.photos.sparkplatform.com/flr/20261022200439276164000000-o_39.jpg" alt="" /></li></ul></div></div></td></tr><tr><td colspan="4" valign="top" class="celltextBOLDcolor" height="25"></td></tr></form><tr valign="top"><td colspan="4" class="celltext notranslate"><table width="100%" border="0" cellspacing="0" cellpadding="2"><tr><td class="textBOLD Replace" width="33%"><strong>Price:</strong> <span class="pType">$599,850</span></td><td class="textBOLD Replace" width="33%">MLS Number: B26036952</td><td class="textBOLD Replace pType" width="33%">Single Family</td></tr></table></td></tr><tr valign="top"><td colspan="4" width="100%" class="celltext" valign="middle"><strong> Address:</strong> 2531 Pierce Street, Hollywood, Florida 33020 USA</td></tr><tr valign="top"><td colspan="4" class="notranslate"><table border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td valign="middle" width="33%"><table width="100%" border="0" cellspacing="0" cellpadding="0"><tr><td width="100%" class="celltext" valign="middle"><strong> Beds: </strong>3</td></tr></table></td><td width="2"> </td><td valign="middle" width="33%"><table width="100%" border="0" cellspacing="0" cellpadding="0"><tr><td width="100%" class="celltext" valign="middle"><strong> Baths: </strong>2</td></tr></table></td><td width="2"> </td><td valign="middle" width="33%"><table width="100%" border="0" cellspacing="0" cellpadding="0"><tr><td width="100%" class="celltext" valign="middle"><strong> Living Area: </strong>1,440</td></tr></table></td></tr><tr><td valign="middle" width="33%"><table width="100%" border="0" cellspacing="0" cellpadding="0"><tr><td width="100%" class="celltext" valign="middle"><strong> Year Built: </strong>1949</td></tr></table></td><td width="2"> </td></table><table border="0" cellpadding="0" cellspacing="0" width="100%"><tr><td valign="middle" width="50%"><table width="100%" border="0" cellspacing="0" cellpadding="0"><tr><td width="100%" class="celltext" valign="middle"><strong> Community: </strong>HOLLYWOOD LITTLE RANCHES</td></tr></table></td><td width="2"> </td><td valign="middle" width="50%"><table width="100%" border="0" cellspacing="0" cellpadding="0"><tr><td width="100%" class="celltext" valign="middle"><strong> Subdivision: </strong>HOLLYWOOD LITTLE RANCHES</td></tr></table></td></tr></table></td></tr><tr valign="top"><td colspan="4" valign="top" class="celltextBOLDcolor" height="25"></td></tr><tr valign="top"><td colspan="4" class="celltext notranslate"><div id="Table4" style="display:table; float:left; clear:both; width:100%;"><div style="display:table-cell; float:left; width:33%; height:35px;"><a href="https://www.bozenakaluza.com/megatemplate/requestinfo.asp?mls=B26036952&lp=599850&id=3236277&language=&address=2531 Pierce Street" style="cursor:pointer;" rel="nofollow"><img src="images/requestInfoIcon.png" alt="Request Information" class="pngfix" style="float: left; display: inline; border:0;"><span class="iconTxt"><strong>Request Information</strong></span></a></div><div style="display:table-cell; float:left; width:33%; height:35px;"><a href="https://www.bozenakaluza.com/megatemplate/custpropgrid.asp?id=3236277&mls=B26036952&language=" style="cursor:pointer;" rel="nofollow"><img src="images/saveIcon.png" alt="Save this Property" style="float: left; display: inline; border:0;" class="pngfix"><span class="iconTxt">Save this Property</span></a></div><div style="display: table-cell; width:33%; float:left; width:33%; height:35px;"><a href="javascript:;" onClick="MM_openBrWindow('emailtofriend.asp?mls=B26036952&#38;lp=599850&#38;id=3236277&#38;language=&source=regional&origin=&address=2531 Pierce Street','emailtofriend','scrollbars=yes,width=450,height=410');self.status='';return true;" style="cursor:pointer;" rel="nofollow"><img src="images/emailIcon.png" alt="Email to a Friend" class="pngfix" alt="" width="32" height="31" style="float: left; display: inline; border:0;"><span class="iconTxt">Email to a Friend</span></a></div><div style="display:table-cell; float:left; width:33%; height:35px;"><a href="javascript:;" onClick="print();self.status='';return true;" style="cursor:pointer;" rel="nofollow"><img src="images/printIcon.png" alt="Print Brochure" class="pngfix" alt="" width="29" height="29" style="float: left; display: inline; border:0;"><span class="iconTxt">Print Brochure</span></a></div><div style="display:table-cell; float:left; width:33%; height:35px;"><a href="#" onClick="MM_openBrWindow('https://maps.google.com/maps?q=2531++Pierce+Street+Hollywood%2C+Florida+33020','Map','scrollbars=yes,resizable=yes,height=540');self.status='';return true;" style="cursor:pointer;" rel="nofollow"><img src="images/mapIcon.png" alt="Map Property" class="pngfix" alt="" width="30" height="30" style="float: left; display: inline; border:0;"><span class="iconTxt">Map Property</span></a></div><div style="display:table-cell; float:left; width:33%; height:35px;"><a href="javascript:;" onClick="MM_openBrWindow('https://www.propertypanorama.com/2531-Pierce-Street-Hollywood-FL-33020--B26036952/unbranded','virtual_tour','scrollbars=yes,resizable=yes');self.status='';return true;" style="cursor:pointer;" rel="nofollow"><img src="images/virtualTourIcon.png" alt="Virtual Tour" class="pngfix" alt="" width="29" height="29" style="float: left; display: inline; border:0;"><span class="iconTxt">Virtual Tour</span></a></div><img src="images/findSimilarIcon.png" width="31" height="28" style="float: left; display: inline; border:0;"><span class="iconTxt">Find Similar Homes</span></div>--><div style="display:table-cell; float:left; width:33%; height:35px;"><a href="javascript:;" onClick="MM_openBrWindow('mortgagecalculator_pop.asp?id=3236277&#38;lp=599850','Mortgage','scrollbars=yes,width=440,height=340');self.status='';return true;" style="cursor:pointer;" rel="nofollow"><img src="images/calculatorIcon.png" alt="Mortgage Calculator" class="pngfix" alt="" width="30" height="30" style="float: left; display: inline; border:0;"><span class="iconTxt">Mortgage Calculator</span></a></div><div style="display:table-cell; float:left; width:33%; height:35px;"><a href="https://www.bozenakaluza.com/megatemplate/showing.asp?mls=B26036952&lp=599850&id=3236277&language=" style="cursor:pointer;" rel="nofollow"><img src="images/shceduleShowingIcon.png" alt="Schedule a Showing" class="pngfix" width="30" height="30" style="float: left; display: inline; border:0;"><span class="iconTxt">Schedule a Showing</span></a></div><div style="display:table-cell; float:left; width:33%; height:35px;"><a onClick="self.status='';return true;" href="school.asp?id=3236277&state=FL &city=Hollywood&zipCode=33020" style="cursor:pointer;" rel="nofollow"><img src="images/schoolInfoIcon.png" alt="School Information" class="pngfix" alt="" width="30" height="30" style="float: left; display: inline; border:0;"><span class="iconTxt">School Information</span></a></div></div></td></tr><tr valign="top"><td colspan="4" valign="middle" class="celltitlecolor" height="25"> Remarks:</td></tr><tr valign="top"><td colspan="4" class="celltext"><div class="text" id="rtext" style="text-align:justify; padding:6px;">33% OFF: Rare opportunity offers not one, but two ways to generate great returns in today's market while protecting your downside. Acquire an income producing 3/2 home (w/in-law suite) \u0026 additional development capacity, walking distance from schools, library, parks \u0026 Downtown Hollywood, at over 33% below market value. With lots of new development underway nearby, investors \u0026 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 (that can operate as two units: a 2/1 and a 1/1) or solely as a land play; the true value is in both. There are two development strategies. Option 1: 9-Unit Development: Keep the existing structure as a 3 bed 2 bath home while developing 8 additional approximately 760 square foot, 2-bedroom apartments on the same lot, for a total of 9 units. The included site plan shows viable layout, parking \u0026 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 \u0026 compliant with current zoning \u0026 regulations. Build cost:~$1.6M. All in:~$2.2M. Projected value:$3M+ = ~$800k instant equity. Potential ~10% cap rate. Option 2: 6-Unit Turnkey Development. Retain the existing structure, configured as two units: a 2/1 and a 1/1, and add two factory-built steel duplexes, each featuring two 3 bed 2 bath units for 6 units total. The manufacturer handles plans and permits, with the duplexes delivered and installed by crane. This streamlined, turnkey approach is designed to minimize development complexity and costs while maximizing cash flow. Build cost:~$1.1M. All in:~$1.7M. Projected value:~$2.5M = ~$600k instant equity. Potential 10%+ cap rate. You also have a third option of tearing down the existing structure and building townhomes similar to the development across the street. 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. Land buildable for three bedrooms units generally sells for more than double 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 or 4 (3 bedroom) units for buildable land; market value ~$900k. 1 bed rents: $1.6k-$1.9k/mo. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. 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 \u0026 attachments for details on location, plans, and comps. Call listing agent for more information.</div></td></tr><tr valign="top"><td colspan="4" class="celltext"><div class="text" id="Div1" style="text-align:justify; padding:6px;"></td></tr><tr><td colspan="4" valign="top" class=""></td></tr><tr><td colspan="4" valign="top" class="celltitlecolor">Mapped Location:</td></tr><tr><td colspan="4" class="celltext" align="right" height="400" valign="middle" style="position: relative;"><div id="mapsearch" style="display: inline; float: left; clear: left; color: black; width: 99%; height: 350px;">Loading...</div></td></tr><tr valign="top"><td class="celltext" colspan="4" valign="middle"><div class="text" style="text-align:justify; padding:6px;">The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.</p><p>The Florida Association of Realtors and its cooperating MLS's do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. This property is courtesy of United Realty Group Inc..</p></div></td></tr><tr><td colspan="6" class="celltext"> </td></tr><tr><td colspan="4" valign="top" class="celltext" align="center" style="margin:10px auto;text-align:center;"><a href="http://www.resionline.com" target="_blank"><img src="images/resilogo.png" alt="Real Estate Web Design" width="96" height="39" border="0"></a></td></tr></table><link rel="stylesheet" href="https://unpkg.com/leaflet@1.6.0/dist/leaflet.css" integrity="sha512-xwE/Az9zrjBIphAcBb3F6JVqxf46+CDLwfLMHloNu6KEQCAWi6HcDUbeOfBIptF7tcCzusKFjFw2yuvEpDL9wQ==" crossorigin=""/><link rel="stylesheet" href="css/map.css" type="text/css" />
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Updated: Monday, November 2, 2026

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