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Key Details
Sold Price $600,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Hollywood Little Ranches
MLS Listing ID A11802185
Sold Date 09/09/25
HOA Y/N No
Annual Tax Amount $8,650
Tax Year 2024
Contingent No Contingencies
Lot Size 10,031 Sqft
Acres 0.2303
Property Description
Fausto Commercial is pleased to present a prime development opportunity in the heart of Hollywood, FL. Located at 2315 Monroe St, this 10,032 SF lot is nearing site plan approval for a 4-story, 12-unit multifamily building—featuring ground-floor parking, ten spacious 1-bed/1-bath units, and two spacious 2-bed/1.5-bath units above. With a projected gross annual income of $360,000, this site offers strong rental income potential post-development. Just minutes from downtown Hollywood, the ArtsPark at Young Circle, and the beaches, this property offers an ideal blend of location, design efficiency, and long-term upside.
Location
State FL
County Broward
Community Hollywood Little Ranches
Area 3050
Exterior
Utilities Available Other
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 514216012180
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Financing Cash
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Bought with Fausto Commercial Realty Consultants Inc
"Our dedication to personalized service means that you’ll receive individualized attention at every step of the process. From initial consultation to closing, we’re with you, offering guidance, insights, and support to navigate the complexities of the real estate market. "
1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States