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    2315 Monroe St Hollywood, FL 33020

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    For Sale
    $750,000

    10,032 SF lot approved for 12-unit multifamily building.

    Property size:
    10,032 SF
    Lot size:
    0.23 Acres

    Property Features for 2315 Monroe St

    General Information

    Size
    10,032 SF
    Lot size
    0.23 Acres

    Source: Fausto Commercial Realty Agent Robin Perez

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Hollywood Development Opportunity

    This 10,032 SF lot is located in Hollywood, FL, and is nearing site plan approval for a 4-story, 12-unit multifamily building. The building design includes ground-floor parking, ten 1-bed/1-bath units, and two 2-bed/1.5-bath units above. The property is projected to generate a gross annual income of $360,000 post-development. The location is minutes from downtown Hollywood, Young Circle, and the beaches.
    Location Intelligence

    Current Use by Public Records

    Jandnwindowsanddoors Window Installation Service FFA Architecture Architect

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1534358
    Latitude
    26.0078692

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    FAQs

    What type of property is this?
    Land - 10,032 SF lot approved for 12-unit multifamily building.
    Where is this land located?
    The property is located at 2315 Monroe St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Prime development opportunity in the heart of Hollywood, FL.; - Site plan nearing approval for a 4-story, 12-unit multifamily building.; - Projected gross annual income of $360,000.
    (305) 961-1179
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    2315 Monroe St Hollywood, FL 33020
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    Hollywood, FL 33020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2315 Monroe St Hollywood, FL 33020
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