FH-2 Multifamily Redevelopment
For Sale
Contact for pricing
1725-27 Pierce Street, Hollywood, FL 33020
Two adjacent FH-2 lots with five existing units, four occupied for monthly net income, supporting redevelopment with holding income.
Property Size3,047 SF
Lot Size0.38 Acres
Price / SF$1,312
Days on Market59
Property Features for 1725-27 Pierce Street
General Information
Standard status
Active
Size
3,047 SF
Class
B
Lot size
0.38 Acres
Property subtype
Multifamily, Mixed Use, Land
Zoning
FH-2
Occupancy
100%
Lease Type
Gross
Investment Type
Redevelopment
Net Operating Income
$95,400
Additional Details
Cap Rate
2.39%
Multifamily Units
5
Building Details
Year Built
1931
Year Renovated
2017
Buildings
3
Units
5
Tenancy
Multi
Listing Agency:
RE/MAX 5 Star Realty
Listed By:
Randall Sanz · License #3285074
(305) 968-6238
Source:
Crexi
Added: Jul 7
Changed: Aug 12
Last Checked: Aug 31 at 3:42PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX 5 Star Realty
Investment Insights
Based on property information with market context.
The property is a covered land redevelopment opportunity comprised of two adjacent FH-2 lots totaling approximately 16,366 SF. Five existing residential units are in place, including four occupied units generating net income of $6,450 per month and one vacant unit projected at $1,500 per month. The resulting total pro-forma net income is $7,950 per month, or $95,400 annually.
FH-2 zoning provides a base FAR of 3.00, allowing approximately 49,098 SF of potential buildable area, with unlimited residential density and maximum height up to 140 feet, subject to City review. Conceptual development potential discussed for the site includes approximately 40–55 residential units and the possibility for mixed-use multifamily, boutique hotel/lodging, office, retail, restaurant, or live-work development.
While redevelopment is the primary focus, the existing units offer holding income in the interim. The property is offered for sale as a combined redevelopment site at 1725-27 Pierce Street, Hollywood, Florida.
FH-2 zoning provides a base FAR of 3.00, allowing approximately 49,098 SF of potential buildable area, with unlimited residential density and maximum height up to 140 feet, subject to City review. Conceptual development potential discussed for the site includes approximately 40–55 residential units and the possibility for mixed-use multifamily, boutique hotel/lodging, office, retail, restaurant, or live-work development.
While redevelopment is the primary focus, the existing units offer holding income in the interim. The property is offered for sale as a combined redevelopment site at 1725-27 Pierce Street, Hollywood, Florida.
Key Highlights
- 1931‑built multifamily with 5 existing residential units on two adjacent FH‑2 lots
- Four occupied units producing $6,450/month net income; one vacant unit projected at $1,500/month for $7,950/month pro‑forma
- Total pro‑forma net income of $95,400 annually based on provided projections
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
3,269
Businesses Nearby
Explore this area
Business Placement
Demographics for 33020, FL
45,044
Population
22,508
Households
2
Avg Household Size
41
Median Age
29%
College-Educated
89%
High-School Grad
6.0 sq mi
ZIP Area
7,507
Density / Sq Mi
$52,535
Median Household Income
$32,449
Median Earnings
$1,444
Median Rent
$306,700
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two adjacent FH-2 lots with five existing units, four occupied for monthly net income, supporting redevelopment with holding income.
Where is this apartment building located?
The property is located at 1725-27 Pierce Street Hollywood, FL.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 1931‑built multifamily with 5 existing residential units on two adjacent FH‑2 lots; Four occupied units producing $6,450/month net income; one vacant unit projected at $1,500/month for $7,950/month pro‑forma; Total pro‑forma net income of $95,400 annually based on provided projections
