Price Reduced 5.00%
Price History
$2,100,000
3/25/2026
$2,045,000
5/27/2026
$1,995,000
6/18/2026
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: 2.6+ ; • Gross Return: 160%+ ; 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!
Status:
Active
Type:
Lot / Acreage
Zoning:
DH-2
Subdivision:
HOLLYWOOD LITTLE RANCHES
Acreage:
0.36
Est. Taxes:
$7,361
Utilities
Cable Available,Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Trash Collection,Water Available
Lot Description:
1/4 to 1/2 Acre Lot
Days on Market:
85
MLS #:
A11989396
Community Info
School Info
Walk Score
Yelp
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