2000 Monroe St - Apartments FOR SALE


Hollywood, FL 33020- Parkside
$4,200,000 USD
954-743-7594
2000 Monroe St, Hollywood, FL for Sale
$4,200,000 USD
Apartments - FOR SALE
1/32
null | 5.06% Cap Rate

2000 Monroe St
Hollywood, FL 33020
Parkside


HIGHLIGHTS

  • 15 Total Units with Diversified Income – 13-unit apartment building plus two detached 2BD/1BA single-family homes providing multiple income streams.
  • Large 25,000 SF Development Site – Current zoning allows potential redevelopment of approximately 52 residential units, offering significant long-term
  • Extensively Improved Asset – Recent upgrades include brand-new impact windows, updated A/C systems, and renovated interiors in many units.
  • Value-Add & Future Flexibility – Detached homes allow options for separate resale, repositioning, redevelopment, or additional rental income.
  • Strong Rental Demand Location – Positioned just off US-1 and one minute from Young Circle, in the center of Hollywood’s most active rental corridor.
  • Central Hollywood Location – 1 minute to Young Circle, 3 minutes to Downtown Hollywood, 10 minutes to the beach, and 12 minutes to airport.

OVERVIEW

Prime multifamily investment opportunity at 2000 Monroe St, Hollywood, FL. The property consists of a 13-unit apartment building plus two adjacent single-family homes (each 2BD/1BA), creating a rare mixed residential asset with strong and diversified income. Situated on a large 25,000 SF lot with a pool, the property has seen numerous improvements including brand-new impact windows, updated A/C systems, and interior updates throughout many of the units, resulting in a well-maintained asset with minimal deferred maintenance. The two detached houses provide additional flexibility and future upside, including the potential for separate resale, repositioning, or redevelopment. Current zoning allows for the development of approximately 52 residential units on the site, offering significant long-term redevelopment potential. Prime location just off US-1 and only a 1-minute drive from Young Circle, placing the property in the heart of Hollywood and just minutes from Downtown Hollywood, major highways, Fort Lauderdale–Hollywood International Airport, and the beaches, supporting strong and consistent rental demand.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$1,444 USD /SF

# OF UNITS

15

PRICE/UNIT

$280,000

CAP RATE

5.06%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Monroe Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

26,928 SF

ZONING

RMCRA-18, County

APN/PARCEL ID

51-42-15-01-0670

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.