2242 Monroe St Hollywood, FL 33020
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Hollywood Little Ranches
MLS Listing ID A11989396
HOA Y/N No
Annual Tax Amount $7,361
Tax Year 2025
Lot Size 0.350 Acres
Acres 0.35
Property Sub-Type Residential
Property Description
With conventional financing, an investor could achieve:
• Equity Multiple: 2.5+
• Gross Return: 155%+
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!
Location
State FL
County Broward
Community Hollywood Little Ranches
Area 3050
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Trash Collection, Water Available
Street Surface Paved
Private Pool Yes
Building
Lot Description 1/4 to 1/2 Acre Lot
Faces North
Water Public
Others
Tax ID 514216012010
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11989396
NEARBY SCHOOL & BUSINESS
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