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6 Unit Value-Add 2459 Pierce St 6 Unit Apartment Building $1,348,930 CAD ($224,822 CAD/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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$155,397
|
$101.10
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$155,397
|
$101.10
|
| Taxes |
$24,281
|
$15.80
|
| Operating Expenses |
$12,761
|
$8.30
|
| Total Expenses |
$37,042
|
$24.10
|
| Net Operating Income |
$118,355
|
$77.00
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $155,397 |
| Annual Per SF | $101.10 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $155,397 |
| Annual Per SF | $101.10 |
| Taxes (CAD) | |
|---|---|
| Annual | $24,281 |
| Annual Per SF | $15.80 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $12,761 |
| Annual Per SF | $8.30 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,042 |
| Annual Per SF | $24.10 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $118,355 |
| Annual Per SF | $77.00 |
Property Facts
| Price | $1,348,930 CAD | Building Class | C |
| Price Per Unit | $224,822 CAD | 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 | $1,348,930 CAD |
| Price Per Unit | $224,822 CAD |
| 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 | $2,293 CAD | - |
| Studios | 2 | $1,889 CAD | - |
1 1
Property Taxes
| Parcel Number | 51-42-16-01-5210 | Total Assessment | $529,293 CAD (2026) |
| Land Assessment | $0 CAD (2026) | Annual Taxes | $24,281 CAD ($8.20 CAD/SF) |
| Improvements Assessment | $0 CAD (2026) | Tax Year | 2025 |
Property Taxes
Parcel Number
51-42-16-01-5210
Land Assessment
$0 CAD (2026)
Improvements Assessment
$0 CAD (2026)
Total Assessment
$529,293 CAD (2026)
Annual Taxes
$24,281 CAD ($8.20 CAD/SF)
Tax Year
2025
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6 Unit Value-Add | 2459 Pierce St
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