2242 Monroe St, Hollywood FL 33020

Description of 2242 Monroe St, Hollywood FL 33020

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 for 2242 Monroe St, Hollywood FL 33020

Pool Private

No

Direction Faces

North

Building Information for 2242 Monroe St, Hollywood FL 33020

Building Name

HOLLYWOOD LITTLE RANCHES

Building Area Units

Square Feet

Association

No

Property Information for 2242 Monroe St, Hollywood FL 33020

Lot Features

City Location, 1/4 To Less Than 1/2 Acre Lot, No Misc/Improvements

Lot Size Square Feet

15,375

Waterfront

No

View

No

Water Source

Municipal Water

New Construction

No

Public Records for 2242 Monroe St, Hollywood FL 33020

Parcel Number

514216012010

Tax Annual Amount

$7,361

Tax Year

2,025

Tax Legal Description

THE WEST 75 FEET OF LOT 17,BLOCK 3, HOLLYWOOD LITTLE RANCHES

Zoning

DH-2

County Or Parish

Broward County

Location