LOT SIZE 0.350 acres
MLS#A11989396
STATUSActive
PROPERTY TYPELand - Residential
SUBDIVISIONHOLLYWOOD LITTLE RANCHES
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: 2.5+? 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!
Property Features
Property Type: Land - Residential
Lot Size: 0.35 Acres
Taxes: $7,361
Feature Descriptions
Crops Included Y/N: No
Days on Site: 14
Home Warranty Y/N: No
Lease Considered Y/N: No
Listing Terms: All Cash, Conventional, Exchange
Lot: City Location,1/4 To Less Than 1/2 Acre Lot, No Misc/Improvements
Parcel#: 514216012010
Property Attached Y/N: No
Property Sub-Type: Residential
Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected, Cable Available, Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Trash Removal, Water Available
Water: Municipal Water
Listed By / Shown By
Listed By
Agency Name: Trybal Group LLC
Agency Phone: 312-927-9724
Shown By
Agency Title: Adams Cameron & Co. REALTORS
Agency Phone: 386-717-3445
Estimate Your Payment
Estimated Payment
$ 12,403.00 per month $11,177.08 Principal & Interest $613.42 Property Tax $612.50 Homeowner's Insurance
2242 Monroe St | MLS# A11989396
This land located at 2242 Monroe St, Hollywood, FL 33020 is currently listed for sale with an asking price of $2,100,000. The property has approximately 0.35 Acres. Search Hollywood real estate on www.adamscameron.com today.