2242 Monroe St, Hollywood FL 33020

About This Property

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

Property Type

Residential

Status

Active

MLS #

A11989396

Lot Size

15,375 SF

Zoning

DH-2

Days on Market

111

Price

$1,995,000