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2242 Monroe St - THE ROE 0.35 Acres of Residential Land Offered at $2,882,208 CAD in Hollywood, FL 33020
Investment Highlights
- Hollywood is booming with over $1.5B in real estate development surrounding Young Circle
- Located in a well-established residential community surrounded by homes valued up to $7M+
- With conventional financing, an investor could achieve: Equity Multiple: 2.5+ & Gross Return: 155%+
- Rapidly growing rental market with new leases surpassing $3/SQFT; New construction condo sales exceeding $700/SQFT
- Strong local school district and family-friendly amenities; Steady home price growth for 12 consecutive years
- 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
Executive Summary
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: 2.5+
• Gross Return: 155%+
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
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!
With conventional financing, an investor could achieve:
• Equity Multiple: 2.5+
• Gross Return: 155%+
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
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!
Financial Summary (Pro Forma - 2026) |
Annual (CAD) | Annual Per AC (CAD) |
|---|---|---|
| Gross Rental Income |
$1,475,750
|
$4,178,226.36
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$73,787
|
$208,910.74
|
| Effective Gross Income |
$1,401,962
|
$3,969,315.62
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$442,725
|
$1,253,468.30
|
| Net Operating Income |
$959,237
|
$2,715,847.33
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $1,475,750 |
| Annual Per AC | $4,178,226.36 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $73,787 |
| Annual Per AC | $208,910.74 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $1,401,962 |
| Annual Per AC | $3,969,315.62 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $442,725 |
| Annual Per AC | $1,253,468.30 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $959,237 |
| Annual Per AC | $2,715,847.33 |
Property Facts
1 Lot Available
Lot
| Price | $2,882,208 CAD | Lot Size | 0.35 AC |
| Price Per AC | $8,159,417.26 CAD |
| Price | $2,882,208 CAD |
| Price Per AC | $8,159,417.26 CAD |
| Lot Size | 0.35 AC |
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!
Description
Project and plans include 27 units total: 23 units with 1 bed/1 bath, 3 units with 2 bed/2 bath and 1 unit with 3 bed/2 bath.
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Limited public transit
30/100
Moderately bikeable
60/100
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Presented by
Uniconte LLC
2242 Monroe St - THE ROE
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