2242 Monroe St - Residential LAND FOR SALE


Hollywood, FL 33020- Highland Garden15,377 SF
$1,995,000 USD
312-423-7934
2242 Monroe St, Hollywood, FL for Sale
$1,995,000 USD
Residential LAND - FOR SALE
1/21
15,377 SF

2242 Monroe St
Hollywood, FL 33020
Highland Garden


HIGHLIGHTS

  • Hollywood is booming with over $1.5B in real estate development surrounding Young Circle
  • Rapidly growing rental market with new leases surpassing $3/SQFT; New construction condo sales exceeding $700/SQFT
  • Located in a well-established residential community surrounded by homes valued up to $7M+
  • Strong local school district and family-friendly amenities; Steady home price growth for 12 consecutive years
  • With conventional financing, an investor could achieve: Equity Multiple: 2+ & Net Investment Return: 103%+
  • Home values in Florida have surged by 164% over the past decade - jumping from an average of $144,464 in 2013 to $381,922 in 2023

OVERVIEW

We are excited to present a rare development opportunity lot in the heart of Hollywood. This DH-2 zoned site is shovel-ready, with approved plans and permits for a 4-story, 27-unit multi-family building. The project comes with approved Plans and the Permit! With conventional financing, an investor could achieve: • Equity Multiple: 2+ • Net Investment Return: 103% The development plan includes: • Spacious 1, 2, and 3-bedroom units • Rooftop deck with open-air pool • Green space amenity with sun deck, BBQ area, and lounge zone • Fitness center • 34 covered parking spaces plus bicycle parking Project and plans include 27 units total: 23 units with 1 bed/1.1 bath, 3 units with 2 bed/2 bath and 1 unit with 3 bed/3 bath. The site is just a 10-minute walk from Young Circle and an 8-minute drive to Hollywood Beach, offering excellent access to restaurants, arts, and transit. Project highlights: • Approved construction plans available • Full geotechnical investigation completed • Zoning and permitting confirmed for immediate build-out Close with the permit in hand and start construction the next day!

FOR SALE DETAILS

PRICE

$1,995,000 USD

PRICE/ACRE

$5,652,183/AC

PRICE/SF

$130 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

THE ROE, 103% ROI & 2+ Equity Multiplier

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Planned Unit Development

LAND ACRES

0.35 AC

LAND SF

15,375 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

DH-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Anastasiia LytvynUniconte LLCMore Info
312-423-7934

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

Anastasiia LytvynUniconte LLCMore Info
312-423-7934

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