https://www.colliers.com/p-usa1119556
- For sale
For Sale
$1,890,000 USD
Colliers, as exclusive listing broker, is pleased to offer for sale the outstanding investment opportunity located at 6045 Pierce Street in Hollywood, FL. This newly constructed multifamily property offers eight modern and spacious units with no renovation required.
Investors will appreciate the highly desirable location of this property, which provides convenient access to major highways, public transportation, and a variety of amenities such as shopping centers, schools, and recreational parks. The property is also located just 4 miles away from the popular tourist destination, the Hard Rock Hotel and Casino.
The property boasts a strong rental upside potential, with the ability to increase rent by 23%, providing a significant boost to cash flow. Investors can choose to continue operating the building as an apartment rentals or sell off the townhouses individually.
According to the US Census, as of 2023, the population of Hollywood is approximately 154,817. This represents a significant increase from the population of 141,740 recorded in the 2010 Census, indicating a strong population growth trend.
