2242 Monroe St Hollywood FL 33020 MLS #A11989396

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!