5921 Pierce Street 1-8,Hollywood, FL 33021
Hollywood, FL 33021
Description
5921, 5923, 5925, and 5927-5929 Pierce Street present an opportunity to acquire an 8-unit multifamily portfolio in Hollywood, Florida, consisting of six 2-bedroom/1-bath units and two oversized 2-bedroom/2-bath units. The property currently generates an NOI of $136,619. The two 2-bedroom/2-bath units at 5927-5929 Pierce Street are approximately 1,250 SF each and offer a compelling value-add opportunity with the potential to convert them to 3-bedroom/2-bath units, creating additional rental upside. Most tenants are long-term, while all units feature central A/C, two parking spaces per unit, and separate metering, with tenants responsible for their own electric, water, and trash. The property spans approximately 30,000 SF of land across four separate parcels and features a newer drainfield, roofs approximately 10 years old, predominantly PVC plumbing, and a mix of impact and original windows. Located in a well-established Hollywood residential area, the property offers convenient access to major highways, shopping, dining, employment centers, Downtown Hollywood, and the beach. Seller financing is also available with attractive terms, providing additional flexibility for qualified buyers.
Details
| MLS # | A12079509 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1973 |
| Days On Site | 30 |
| Listing Provided By | Fausto Commercial Realty Consultants Inc | Elior Levi |
Features
| SQ Feet | 8,112 |
|---|---|
| Units | 3 |
| Building(s) | 4 |
| Zoning | C-LP |
| Acreage | 0.68 |
Taxes
| Tax Annual Amount | 31781 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33021 |
| Area | 3070 |
| Subarea | HWCE Hollywood Central (3070 3100) |
| Listing VS Median (in 33021) | |
Price: $2,250,000 low | high Med: $154,900 sqft: 8,112 low | high Med: 700 $ / sqft: $277 low | high Med: $221 On site: 30 low | high Med: 49 | |
Market Activity 33021
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33021 |
| Area | 3070 |
| Subarea | HWCE Hollywood Central (3070 3100) |
| Listing VS Median (in 33021) | |
Price: $2,250,000 low | high Med: $154,900 sqft: 8,112 low | high Med: 700 $ / sqft: $277 low | high Med: $221 On site: 30 low | high Med: 49 | |