Property 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: 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! • Hollywood is booming with over $1.5B in real estate development surrounding Young Circle• Rapidly growing rental market with new leases surpassing $3/SQFT• New construction condo sales exceeding $700/SQFT• Located in a well-established residential community surrounded by homes valued up to $7M+• Strong local school district and family-friendly amenities• Steady home price growth for 12 consecutive years• With conventional financing, an investor could achieve: Equity Multiple: 2.5+ & Gross Return: 155%+• Home values in Florida have surged by 164% over the past decade - jumping from an average of $144,464 in 2013 to $381,922 in 2023

Overview

At a glance

Property Type

Land & Docks

Property Sub-Type

Unimproved Land

Address

2242 Monroe Street, Hollywood, FL 33020

Zoning

DH-2

MLS ID

A11989396

Listing Date

2026-03-25

Last Updated

5/29/2026, 8:53:55 PM

Days on Market

79

Subdivision

HOLLYWOOD LITTLE RANCHES

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