Multifamily Property in Hollywood,
1946 Pierce St Hollywood, FL 33020
1946 Pierce St, Hollywood, FL, 33020
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For Sale
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11-unit multifamily property available for sale in Hollywood, Florida.
Property Size5,137 SF
Price / SF$466.23
Days on Market171
Property Features for 1946 Pierce St
General Information
- Standard status
- Active
- Size
- 5,137 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1957
Listing Agency
Matthews
Listed by
Erik Leon · License #SL3600080
Source
Crexi
Added: Jan 30 Checked: Jul 19 at 8:17 am
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 Matthews
Investment Insights
Based on property information with market context.
This multifamily property, located at 1946 Pierce St in Hollywood, Florida, features 11 units. The property has a size of 5137 square feet.
Key Highlights
- 11‑unit multifamily property
- Property built in 1957
- Located on Pierce St
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $163.4k | $31.80 |
| − Vacancy | −$7.7k | −$1.49 |
| EGI | $155.7k | $30.31 |
| − OpEx | −$70.1k | −$13.64 |
| NOI | $85.6k | $16.67 |
5,137 SF · lease $31.80/SF/yr · vacancy 4.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.22M
$1.07M – $1.43M
NOI $85,623 @ 7.0% cap · market cap 3.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,672 @ 7.0% cap · market cap 5.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
24 7 Notary ...
Law Firm
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FAQs
What type of property is this?
Apartment building - 11-unit multifamily property available for sale in Hollywood, Florida.
Where is this apartment building located?
The property is located at 1946 Pierce St Hollywood, FL.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: 11‑unit multifamily property; Property built in 1957; Located on Pierce St
