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    2459 Pierce St Hollywood, FL 33020

    For Sale
    $1,000,000

    Two triplexes in Hollywood with significant income growth potential.

    Building Details

    Year built
    1950

    Source: Fausto Commercial Realty Consultants Inc Agent Elior Levi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hollywood Multifamily Value-Add Opportunity

    This offering features two triplexes located at 2459 & 2463 Pierce St, Hollywood, FL. The property includes a total of six units, consisting of four 1-bed/1-bath units and two studios, situated on a half-acre lot. Each unit is equipped with a separate electric meter, and each building has its own water meter. The property requires rehabilitation, and current rents are below market with all units on a month-to-month basis, presenting an opportunity for immediate upside. With a pro-forma gross income of $115,200, renovations could provide potential for rent growth and higher returns. The property is located 5 minutes from Downtown Hollywood and I-95, 8 minutes to Hollywood Beach, and 10 minutes from FLL Airport. This property is suitable for investors seeking scale, income growth, and long-term appreciation.
    Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1569227
    Latitude
    26.0164556

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    FAQs

    What type of property is this?
    Multifamily property - Two triplexes in Hollywood with significant income growth potential.
    Where is this multifamily property located?
    The property is located at 2459 Pierce St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: - Value-add opportunity with significant rent growth potential through renovations.; - Pro-forma gross income of $115,200.; - Prime location: Enjoy being just 5 minutes from Downtown Hollywood and I-95, 8 minutes to Hollywood Beach, and 10 minutes from FLL Airport.
    (954) 743-7594
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    2459 Pierce St Hollywood, FL 33020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2459 Pierce St Hollywood, FL 33020
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