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11-unit Multifamily in Hollywood, FL

Pierce Street Commons: Completely Renovated Multifamily Gem in Prime Hollywood Location

Introducing Pierce Street Commons, a fully renovated 11-unit multifamily treasure in the heart of Hollywood, Florida. This exceptional property offers a blend of luxurious living spaces, a modern design, and a highly sought-after location, making it perfect for residents and investors.

Extensive Renovations:
• Completely transformed in 2024 with over $1 million invested.
• Brand new windows, plumbing, electrical systems, roof repairs, stucco, and central AC.
• All units boast high-traffic waterproof vinyl flooring, quartz countertops, stainless steel appliances, white kitchen cabinets, and modern 3-way shower systems.
• Hurricane-impact windows and doors provide extra security and peace of mind.

Spacious and Stylish Units:
• 10 one-bedroom, one-bathroom units (approx. 550 sq. ft.) and 1 studio unit.
• Individual electric meters offer residents control over their utility bills.
• Each unit comes equipped with brand-new split-system air conditioning for ultimate comfort.

Prime Location and Amenities:
• Conveniently situated near downtown Hollywood, transportation hubs, and I-95.
• Walking distance to shops, restaurants, and beautiful Hollywood beaches.
• A large tropical courtyard provides a relaxing outdoor space.
• On-street and limited off-street parking are available.

Investment Opportunity:
• Anticipated rent of $2,200 per month (excluding utilities and internet).
• Projected Gross Rental Income (GRI) exceeds $284,400 and Net Operating Income (NOI) exceeds $210,200.
• Attractive CAP rate of 6.1%.
• Low-maintenance property in a fast-growing market.

A great property for AirBNB or similar vacation rental

Don’t miss this chance to own a fully renovated multifamily asset in a prime Hollywood location. Lighthouse Apartments offers luxurious living spaces, a modern design, and a strong potential for rental income. This is a compelling investment opportunity you won’t want to miss!

Property Address

Address : 1946 Pierce Street, Hollywood, FL 33020
City : Hollywood
State : FL
Zip Code : 33020

Investment Highlights

Highlight : Completely Renovated 2024 Multifamily Opportunity With Over a $1,000,000 In Capital Improvements
Highlight : Modern-Influenced Design With Luxury Elements - All New Electrical & Plumbing Throughout

Sale Details

Status : FOR SALE
Sale Type : Investment
List Price : $3,199,000
Gross Income : $284,400.00
NOI : $210,200.00
Cap Rate (%) : 6.1%
Sale Notes

Check out this amazing 11-unit Multifamily property with large units, newly and fully renovated. Updated roof; new windows, plumbing and electric. New kitchens, new bathrooms, stainless steel appliances and quartz counters. The property features 10 1-bed/1-bath units which measure roughly 550 square feet and one studio unit. Each unit has its own electric meter with one central water meter. The facade design is contemporary and warm; the courtyard space is airy and inviting. Located close to downtown Hollywood and to transportation. Minutes from I-95 and the beaches. This highly sought after neighborhood is ideal for renters and investors.

On-street parking is available as well as limited off-street parking.

Property Information & Details

Property Type : Multifamily/Rental Apartments
Style : Garden
Rent Type : Market
Building Status : Under Renovation
Number of Buildings : 1
Number of Units : 11
GBA : 5,137
Occupancy : 100%
Number of Floors : 1
Year Built : 1968
Year Renovated : 2024
Metering : Combination
Construction : Masonry
Elevators : No
Parking Spaces : 6
Lot Size : 10,907 Sq Ft
Zoning : ND-2
Zoning Description : North Downtown Medium Intensity Multi-Family District
APN / Parcel ID : 514215013550

Unit Mix & Features

Unit Mix

1-Bed/1Bath – 10 @ 550sf +\- ; 1-studio

Unit Features : Air Conditioning, Microwave, Eat-in Kitchen, Granite Counters, Refrigerator, Oven, Stainless Steel Appliances, Tub/Shower, Wi-fi, Ceiling Fans

Financial Information

Year : 2024
Gross Rental Income : $284,200.00
Effective Gross Income : $284,200
RE Tax : $40,437.00
Operating Expense Summary : $33,763.00
Total Expenses : $74,200.00
NOI : $210,200.00


Energy Efficiency

Energy Class : A+
Global Energy Performance Index : 92.42 kWh / m²a
Renewable Energy Performance Index : 1.00 kWh / m²a
Energy Performance of the Listing : Med
92.42 kWh / m²a | Energy class A+

Property Features

Laundry Facilities
Bike Storage
24 Hour Access
On-site Parking
Street Parking


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Bram Leland Scolnick
Licensed Real Estate Broker
BK3548771 📞 954.302.6368
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