1946 Pierce St, Hollywood, 33020

  • $3,499,000

Listing UP for Sale

Hollywood

Overview

Property ID: A11481694
  • 10907
  • Lot sqft
  • 2024
  • Year Built

Description

Introducing an 11-unit multifamily property, newly renovated. Features new windows, plumbing, and electrical systems. Each unit offers pristine kitchens with stainless steel appliances, quartz countertops, and stylishly reimagined bathrooms. The property consists of 10 spacious 1-bed/1-bath units + one studio unit, each with its own electric meter. Located near downtown Hollywood, I-95, and beaches. Currently being fully renovated with permits. Anticipated monthly rental rates of $2,200, projecting a Gross Rental Income (GRI) exceeding $284,000 and a Net Operating Income (NOI) surpassing $211,000. Don’t miss this investment opportunity with a proforma Capitalization Rate (CAP rate) of 6% in a prime neighborhood.

  • Address 1946 Pierce St
  • City Hollywood
  • State/county Florida
  • Zip/Postal Code 33020
  • Area Broward County

Details

Updated on March 25, 2024 at 10:47 am
  • Property ID: A11481694
  • Price: $3,499,000
  • Land Area: 10907 sqft
  • Year Built: 2024
  • Property Status: Listing UP for Sale

Listing Agent Contact Information

View Listings

Contact Agent About This Property

By submitting this form I agree to Terms of Use

Compare listings

Compare
Bram Leland Scolnick
  • Bram Leland Scolnick