PIERCE STREET COMMONS

• Newly renovated
• Massive 1/1s with central courtyard
• New Plumbing and electric
• Close to downtown Hollywood
• Great rental market

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!