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6 Unit Value-Add 2459 Pierce St 6 Unit Apartment Building $1,000,000 ($166,667/Unit) Hollywood, FL 33020
INVESTMENT HIGHLIGHTS
- Prime Value-Add Opportunity: Two triplexes (6 units) on a half-acre lot in Hollywood, offering excellent upside for value-focused investors.
- Utilities: Separate electric meters per unit; one water meter per building.
- Condition: Fixer-upper ready for upgrades to boost cash flow and long-term value.
- Unit Mix: Four 1BD/1BA units and two studios—perfect for diverse tenant demand.
- Upside Potential: All units are month-to-month with below-market rents. Pro-forma gross income of $115,200 annually after renovations.
- Bonus: Seller financing available, offering flexible investment terms.
EXECUTIVE SUMMARY
Prime value-add multifamily opportunity in Hollywood! This offering features two triplexes at 2459 & 2463 Pierce St with 6 total units—four 1-bed/1-bath units and two studios—on a half-acre lot. Each unit has a separate electric meter, and each building has its own water meter. This fixer-upper requires rehab, and current rents are below market with all units month-to-month, offering immediate upside. With a pro-forma gross income of $115,200, renovations provide significant potential for rent growth and higher returns. Ideally located just 5 minutes from Downtown Hollywood and I-95, 8 minutes to Hollywood Beach, and 10 minutes from FLL Airport, this property is perfect for investors seeking scale, income growth, and long-term appreciation. Seller financing available!
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$115,200
|
$74.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$115,200
|
$74.95
|
| Taxes |
$18,000
|
$11.71
|
| Operating Expenses |
$9,460
|
$6.15
|
| Total Expenses |
$27,460
|
$17.87
|
| Net Operating Income |
$87,740
|
$57.09
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $115,200 |
| Annual Per SF | $74.95 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $115,200 |
| Annual Per SF | $74.95 |
| Taxes | |
|---|---|
| Annual | $18,000 |
| Annual Per SF | $11.71 |
| Operating Expenses | |
|---|---|
| Annual | $9,460 |
| Annual Per SF | $6.15 |
| Total Expenses | |
|---|---|
| Annual | $27,460 |
| Annual Per SF | $17.87 |
| Net Operating Income | |
|---|---|
| Annual | $87,740 |
| Annual Per SF | $57.09 |
PROPERTY FACTS
| Price | $1,000,000 | Building Class | C |
| Price Per Unit | $166,667 | Lot Size | 0.25 AC |
| Sale Type | Investment | Building Size | 2,960 SF |
| No. Units | 6 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | ||
| Zoning | RM-18 - Residential Multifamily | ||
| Price | $1,000,000 |
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 2,960 SF |
| No. Stories | 1 |
| Year Built | 1950 |
| Zoning | RM-18 - Residential Multifamily |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 4 | $1,700 | - |
| Studios | 2 | $1,400 | - |
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6 Unit Value-Add | 2459 Pierce St
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