Rene Smith - Premier Florida Realty Logo
$1,995,000
 $10,710 est/mo Sourced by Back At You

2242 Monroe St,Hollywood, FL 33020

Hollywood, FL 33020

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Description

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!

Details

MLS #A11989396
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site156
Listing Provided ByTrybal Group LLC | Mike Kaplun

Features

ZoningDH-2
Acreage0.35

Exterior

Lot FeaturesQuarter To Half Acre Lot

Taxes

Tax Annual Amount7361

Area Information

StateFL
CountyBroward
CityHollywood
Zip Code33020
Area3050
SubareaHollywood East (3010 3050)
Community NameHOLLYWOOD LITTLE RANCHES
Listing VS Median (in HOLLYWOOD LITTLE RANCHES)
Price:
$1,995,000
low | high
Med:
$5,350
100% of Average
On site:
156
low | high
Med:
35
100% of Average
Sourced by Back At You

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Learn More About This Property

Rene Smith

Rene Smith

PPI REALTY

ABR, PMN, SRS, RSPS, AHWD, C2EX (772) 353-1177renebuyandrent@gmail.com
StateFL
CountyBroward
CityHollywood
Zip Code33020
Area3050
SubareaHollywood East (3010 3050)
Community NameHOLLYWOOD LITTLE RANCHES
Listing VS Median (in HOLLYWOOD LITTLE RANCHES)
Price:
$1,995,000
low | high
Med:
$5,350
100% of Average
On site:
156
low | high
Med:
35
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.496M - $2.493M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
2241 Monroe Street 8 Property Photo 1
$1,599
2241 Monroe Street 8
Hollywood, FL 33020
2241 Monroe Street 1 Property Photo 1
$1,599
2241 Monroe Street 1
Hollywood, FL 33020
2241 Monroe St 8 Property Photo 1
$1,599
2241 Monroe St 8
Hollywood, FL 33020
2241 Monroe St 1 Property Photo 1
$1,599
2241 Monroe St 1
Hollywood, FL 33020
2241 Madison Street Property Photo 1
$2,200
2241 Madison Street
Hollywood, FL 33020
Listing Updated: July 14, 2026 at 7:24:42 PM PDT

Rene Smith - Premier Florida Realty