1946 Pierce St Hollywood, FL 33020

Pierce Street Commons presents a compelling investment opportunity in the vibrant Hollywood, Florida market. This newly constructed, single-story, 11-unit multifamily property, completed in 2024, boasts a desirable Class B designation and a strong 6.60% cap rate. Located at 1946 Pierce St #11, Broward County, FL 33020, the property underwent a complete renovation exceeding $1 million. Improvements include brand new windows, plumbing, electrical systems, roof repairs, stucco, and central air conditioning. Each of the 11 units features high-quality finishes such as waterproof vinyl flooring, quartz countertops, stainless steel appliances, white kitchen cabinets, and modern 3-way shower systems. Further enhancing security and durability, hurricane-impact windows and doors are installed throughout. The property's prime location in Hollywood, Florida, combined with its modern amenities and high-quality renovations, positions it for strong rental income and long-term appreciation. The asking price for this exceptional investment is $2,985,000. This is a rare opportunity to acquire a turnkey multifamily asset in a thriving South Florida market. The property's recent construction and extensive renovations minimize future capital expenditure needs, maximizing return on investment. This property is ideal for both seasoned investors and those seeking a stable, high-yield addition to their portfolio.