2242 Monroe Street
Hollywood, FL 33020
0.36Acre(Lot)
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 Hollywoo
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Lot Information
Lot Dimensions: 16887 Lot Size Acres: 0.36 Lot Size Square Feet: 16,887 Lot Description: CityLot,QuarterToHalfAcreLotProperty Information
Subdivision: HOLLYWOOD LITTLE RANCHES Source Property Type: Land Postal Code Plus 4: 4315 Property SubType: Unimproved Land Direction Faces: North
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Listing Price Information
Listing Price: $1995000Original Price: $2100000Cash, Conventional, Exchange1031
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Tax Information
Parcel Number: 514216012010 Tax Year: 2025 Annual Tax: $7361 Tax Legal Desc: THE WEST 75 FEET OF LOT 17,BLOCK 3, HOLLYWOOD LITTLE RANCHES
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School Information
Elementary School: Colbert Junior High School: Senior High School: South Broward -
Utility Information
CableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, SewerAvailable, TrashCollection, WaterAvailable -
Location Information
WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 2424 Monroe Street, Hollywood, FL, 33020 | $639,000 | -- | -- | -- | 20,474 Sqft(Lot) |
| Pierce Street, Hollywood, FL, 33020 | $900,000 | -- | -- | -- | 16,553 Sqft(Lot) |
| 2210 Pierce St, Hollywood, FL, 33020 | $6,490,000 | -- | -- | -- | 65,006 Sqft(Lot) |
| 2322 Johnson Street, Hollywood, FL, 33020 | $500,000 | -- | -- | -- | 10,455 Sqft(Lot) |
| 2247 Jackson St, Hollywood, FL, 33020 | $1,200,000 | -- | -- | -- | 10,251 Sqft(Lot) |
| 2235 Polk Street, Hollywood, FL, 33020 | $1,750,000 | -- | -- | -- | 20,515 Sqft(Lot) |
| 2531 Pierce Street, Hollywood, FL, 33020 | $697,500 | -- | -- | -- | 15,393 Sqft(Lot) |
| 2243 Polk Street, Hollywood, FL, 33020 | $3,600,000 | -- | -- | -- | 40,076 Sqft(Lot) |
| 2215 Fillmore Street, Hollywood, FL, 33020 | $2,750,000 | -- | -- | -- | 20,502 Sqft(Lot) |
| 1917 Harding St, Hollywood, FL, 33020 | $715,000 | -- | -- | -- | 7,697 Sqft(Lot) |
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ByOwner last updated this listing 06/19/2026 @ 11:06
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