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: 2.5+
• Gross Return: 155%+
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 bath, 3 units with 2 bed/2 bath and 1 unit with 3 bed/2 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!
- State:
- FL
- County:
- Broward
- City:
- Hollywood
- Zipcode:
- 33020
- Street:
- 2242 Monroe St, Hollywood, Florida 33020
- Longitude:
- W81° 50' 54.1''
- Latitude:
- N26° 0' 27''
- Building Features:
- Not Applicable
- Development Status:
- Other, Site Plan Filed
- Direction Faces:
- North
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash,Conventional,1031 Exchange
- Lot Features
- Parcel Number:
- 514216012010
- Subdivision Name:
- HOLLYWOOD LITTLE RANCHES
- Tax Annual Amount:
- $7,361
- Tax Year:
- 2025
- Utilities
- Virtual Tour:
- Click Here
Land For Sale
2242 Monroe St, Hollywood, Florida 33020, Hollywood, Florida 33020
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $2,100,000
- Lot Area :
- 15,387 Sqft
- MLS # :
- A11989396
- Property Sub Type :
- Residential
