2531 Pierce Street, Hollywood, FL 33020

Opis nieruchomości — 2531 Pierce Street, Hollywood, FL 33020

Rare opportunity to acquire an income producing 3/2 home (w/in-law suite) & additional development capacity, walking distance from schools, library, parks & Downtown Hollywood, at over 20% below market value. Lots of new development nearby. Investors & developers have increasingly turned their attention to this area, recognizing its long term potential. This property should not be viewed solely as a single family home or solely as a land play; the true value is in both. The existing 3 bedroom 2 bathroom home can remain in place and continue generating income while 8 additional units are developed on the same lot, for a total of 9 units, without tearing down the current structure. All of the additional 8 units can be ~760 square foot 2 bedroom apartments. The included site plan shows viable layout, parking & access. A formal Pre-Application Consultation (PAC) meeting with the city has been held; representatives from every relevant discipline were present (planning, zoning, engineering, landscape, fire, etc) and they confirmed the site plan is feasible & compliant with current zoning & regulations. Sold land comps: $50k per (mostly 1 bedroom) unit. Active land comps: $58k-$101k per (mostly 1 bedroom) unit. Two bedroom units generally rent for around 30% more than one bedroom units; land buildable for two bedroom units is generally valued around 30% more than land buildable for one bedroom units. 3/2 house comps: $499k-$679k active, $410k-$580k sold. Subject property is a 3/2 house + 8 (2 bedroom) units of buildable land; market value ~$900k. 2 bed rents:$1.8k-$2.5k/mo. 3 bed rents:$3k-$3.8k/mo. Build cost:~$1.3M-$1.5M. All in:~$2M. Projected value:$3M+ = ~$1M instant equity. Potential ~10% cap. Seller will finance. Property is in a Qualified Opportunity Zone, which offers the potential for major tax benefits including deferring taxes, reducing capital gains taxes, and potentially paying no tax at all on the profit when you sell the property; consult tax professional for details and eligibility. See photos & attachments for details on location, plans, and comps. Call listing agent for more information.

Opis oryginalny z MLS (w języku angielskim).

Szczegóły nieruchomości — 2531 Pierce Street, Hollywood, FL 33020

Basen prywatny

Nie

Ekspozycja

Południe

Informacje o budynku — 2531 Pierce Street, Hollywood, FL 33020

Jednostka powierzchni

Stopy kwadratowe (sq ft)

Wspólnota (HOA)

Nie

Informacje o działce i budowie — 2531 Pierce Street, Hollywood, FL 33020

Cechy działki

Działka 1/4–1/2 akra, Poniżej 1 akra, Ponadwymiarowa działka, Szambo

Powierzchnia działki (sq ft)

0

Nad wodą

Nie

Linia brzegowa

75

Widok

Nie

Kanalizacja

Kanalizacja publiczna, Kanalizacja miejska, Private Treatment Plant, Szambo, Kanalizacja, On-Site Treatment

Ujęcie wody

Sieć publiczna

Nowe budownictwo

Nie

Dane z rejestrów publicznych — 2531 Pierce Street, Hollywood, FL 33020

Numer działki (folio)

514216015270

Roczny podatek od nieruchomości

$9,666

Rok podatkowy

2,025

Opis prawny (rejestr)

HOLLYWOOD LITTLE RANCHES 1-26 B LOT 13 E3/4 BLK 14

Strefa zagospodarowania

RM-18

Hrabstwo

Hrabstwo Broward

Szkoły w pobliżu — 2531 Pierce Street, Hollywood, FL 33020

Szkoła podstawowa (elementary)

Oakridge

Szkoła średnia (middle school)

Olsen

Liceum (high school)

South Broward

Przypisanie do szkół pochodzi z danych oferty — należy je zweryfikować we własnym zakresie.

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