2242 Monroe St, Hollywood FL 33020

For sale Days on market 111

HOLLYWOOD LITTLE RANCHES [ Residential ]

$1,995,000

$105,000
Price Decreased

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Overview

0.35 acres

Property Type

Residential

Property Description

We are excited to present a rare development opportunity lot in the heart of Hollywood. This DH-2 zoned site is shovel-ready, with approved plans and permits for a 4-story, 27-unit multi-family building. The project comes with approved Plans and the Permit! With conventional financing, an investor could achieve: • Equity Multiple: 1.88x; • Net Investment Return: 88%. The development plan includes: • Spacious 1, 2, and 3-bedroom units; • Rooftop deck with open-air pool; • Green space amenity with sun deck, BBQ area, and lounge zone; • Fitness center; • 34 covered parking spaces plus bicycle parking. Project and plans include 27 units total: 23 units with 1 bed/1.1 bath, 3 units with 2 bed/2 bath and 1 unit with 3 bed/3 bath. The site is just a 10-minute walk from Young Circle and an 8-minute drive to Hollywood Beach, offering excellent access to restaurants, arts, and transit. Project highlights: • Approved construction plans available; • Full geotechnical investigation completed; • Zoning and permitting confirmed for immediate build-out. Close with the permit in hand and start construction the next day!

Property Details

MLS#

A11989396

Building

HOLLYWOOD LITTLE RANCHES

Address

2242 Monroe St

City

Hollywood

State/county

Zip/Postal Code

33020

Area

Hollywood Little Ranches

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$7,361

Maint Fee

$--

Tax Year

2025

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