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.
2315 Monroe St, Hollywood, FL, 33020
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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