2000 Monroe St
Hollywood, FL 33020
Sold
Last asked $4,200,000
- Multi-family
- 8,823 SF building
- 0.56 acre lot
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Highlights
- 8,823 SF building on a 24,365 SF (0.56 acres) lot
- 13 units
- Built in 1960
Property facts
- Last asking price
- $4,200,000
- Property type
- Multi-family
- Building size
- 8,823 SF
- Lot size
- 24,365 SF (0.56 acres)
- Year built
- 1960
- Units
- 13
About this property
The site currently operates as a diversified residential asset generating multiple income streams while providing investors flexibility for future repositioning or redevelopment. The property has undergone several improvements including impact windows, updated A/C systems, and interior unit upgrades, resulting in a well-maintained asset with minimal deferred maintenance. The two detached homes provide additional optionality for investors, including continued rental income, resale, or integration into a larger redevelopment plan. Under existing zoning, the site may support the development of approximately 52 residential units, positioning the property as a compelling covered land opportunity. Located just off US-1 and minutes from Young Circle, the property benefits from proximity to Downtown Hollywood, major Broward County employment centers, Fort Lauderdale–Hollywood International Airport, and the region’s beaches, supporting strong and consistent rental demand.
From the listing broker.