Pierce Street Commons

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!