1946 Pierce St

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1946 Pierce St

Hollywood, FL 33020
Asking Price
$2.40M
Asset Type
Multifamily
Class
Class B

What's Special

1946 Pierce St is located in central Hollywood, Florida, situated just west of the Young Circle and downtown core. The neighborhood is characterized by a mix of residential dwellings and small businesses, offering proximity to the Hollywood Beach Boardwalk and local park systems. Residents have immediate access to a variety of dining and retail options along Hollywood Boulevard and Federal Highway. The location is well-served by public transportation and provides convenient commuter access to I-95 and the Fort Lauderdale-Hollywood International Airport. This multifamily asset is positioned for long-term residential leasing within a growing urban submarket. The property is suited for a tenant profile consisting of local professionals and service-industry workers seeking functional housing near major employment hubs. Its layout and location accommodate both small households and individuals prioritizing transit connectivity and walkability to downtown amenities. The building serves as a workforce housing option for those employed in the surrounding Broward County hospitality and commercial sectors.

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NOI
$80,000
Cap Rate
3.34%
DSCR
0.56
Underwater
Cash-on-Cash
-8.66%
Monthly Payment
$11,849.153
Annual Cash Flow
$-62,189.839

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