2242 Monroe St

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!