1946 Pierce St, Hollywood FL 33020
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.
