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… Read More 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. Read Less
Courtesy of Fausto Commercial Realty Consultants Inc 786-748-7373
Listing Snapshot
Days Online
27
Last Updated
Property Type
Multi Family
Square Ft.
8,112
Lot Size
0.68 Acres
Year Built
1973
MLS Number
A12079509
30 Days Snapshot Of 33021
$246k
0%
(avg) sold price
0
-100%
homes sold
119
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1973, Toal building area: 8112, 3 total units
Lot
0.68 acres
Property
Zoning: C-LP
Sewer
Public Sewer
Taxes
Annual amount: $31,781
Tenant Pays
Water, Maintenance, Trash Collection
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