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2242 Monroe Street

Hollywood FL 33020

15387 sq. ft.
Other
Currently for sale - view listing

Overview

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!

Features

15387 sq. ft. lot size
Other

Property history for 2242 Monroe Street

2014
Sold
$65,000
23 May 2014 by Cliff Glansen, of FLATFEE.Com

Happy sellers in Hollywood

77%
77% of sellers in Hollywood reported that their sale price either exceeded or met their price expectations.

Hollywood stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 12 reviews in Hollywood over the last 12 months.

Local market activity for other properties in Hollywood

In the last 12 months, 42 other properties similar to 2242 Monroe Street, have been sold.

This represents a 141% decrease in other properties sales when compared to the previous 12 months.

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