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2242 Monroe St - THE ROE, 160%+ ROI & 2.6+ Equity Multiplier 0.39 Acres of Residential Land Offered at $2,045,000 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: 2.6+ & Gross Return: 160%+
- 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: 2.6+
• Gross Return: 160%+
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: 2.6+
• Gross Return: 160%+
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 | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$1,080,488
|
$2,786,917.72
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$54,024
|
$139,344.85
|
| Effective Gross Income |
$1,026,464
|
$2,647,572.87
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$324,147
|
$836,076.86
|
| Net Operating Income |
$702,317
|
$1,811,496.00
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $1,080,488 |
| Annual Per AC | $2,786,917.72 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | $54,024 |
| Annual Per AC | $139,344.85 |
| Effective Gross Income | |
|---|---|
| Annual | $1,026,464 |
| Annual Per AC | $2,647,572.87 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $324,147 |
| Annual Per AC | $836,076.86 |
| Net Operating Income | |
|---|---|
| Annual | $702,317 |
| Annual Per AC | $1,811,496.00 |
Property Facts
| Price | $2,045,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.39 AC |
| Property Type | Land | ||
| Zoning | DH-2 - Dixie Highway Medium Intensity Multi-Family District | ||
| Price | $2,045,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.39 AC |
| Zoning | DH-2 - Dixie Highway Medium Intensity Multi-Family District |
1 Lot Available
Lot
| Price | $2,045,000 | Lot Size | 0.39 AC |
| Price Per AC | $5,275,077.90 |
| Price | $2,045,000 |
| Price Per AC | $5,275,077.90 |
| Lot Size | 0.39 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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2242 Monroe St - THE ROE, 160%+ ROI & 2.6+ Equity Multiplier