5921 Pierce St 1-8
1-8, 5921, Pierce St, Hollywood, FL, 33021Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Floors: 1
- Lot size: 29480, 29480 sq ft
- Year built: 1973
- County: Broward
- MLS ID: A12079509
Description
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Description:
HOLLYWOOD BEACH GARDENS CORR PLAT 10-14 B LOT 25 BLK 18 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 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.
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Location
- Lot Size Acres: 0.68 acres
Building Details
- Structure Type: Apartment
- Water Source: Public
- Sewer: PublicSewer
- Covered Spaces: 0
- Levels: One
- Number Of Buildings: 4
Expenses, Fees & Taxes
- Tax Annual Amount: $31,781
- Tax Year: 2025
Miscellaneous
- List Office Name: Fausto Commercial Realty Consultants Inc
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 1-8, 5921, Pierce St, Hollywood, FL, 33021 was built in 1973, and is listed at $2,250,000.