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2246 Monroe St - THE ROE 0.35 Acres of Residential Land Offered at $1,925,000 in Hollywood, FL 33020
INVESTMENT HIGHLIGHTS
- Hollywood is booming with over $1.5B in real estate development surrounding Young Circle in 2024
- Strong local school district and family-friendly amenities;
- Area upgrades include Young Circle redesign, beachfront boardwalk expansion, and new transit infrastructure
- Rapidly growing rental market with new leases surpassing $3/SQFT. New construction condo sales exceeding $625/SQFT
- Located in a well-established residential community surrounded by homes valued up to $7M+. 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
FINANCIAL SUMMARY (PRO FORMA - 2026) |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Gross Rental Income |
$995,280
|
$2,817,893.54
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$49,764
|
$140,894.68
|
| Effective Gross Income |
$945,516
|
$2,676,998.87
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$298,584
|
$845,368.06
|
| Net Operating Income |
$646,932
|
$1,831,630.80
|
FINANCIAL SUMMARY (PRO FORMA - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $995,280 |
| Annual Per AC | $2,817,893.54 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | $49,764 |
| Annual Per AC | $140,894.68 |
| Effective Gross Income | |
|---|---|
| Annual | $945,516 |
| Annual Per AC | $2,676,998.87 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $298,584 |
| Annual Per AC | $845,368.06 |
| Net Operating Income | |
|---|---|
| Annual | $646,932 |
| Annual Per AC | $1,831,630.80 |
PROPERTY FACTS
| Price | $1,925,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.35 AC |
| Property Type | Land | ||
| Zoning | DH-2 - Dixie Highway Medium Intensity Multi-Family District | ||
| Price | $1,925,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.35 AC |
| Zoning | DH-2 - Dixie Highway Medium Intensity Multi-Family District |
1 LOT AVAILABLE
Lot
| Price | $1,925,000 | Lot Size | 0.35 AC |
| Price Per AC | $5,449,598.99 |
| Price | $1,925,000 |
| Price Per AC | $5,449,598.99 |
| Lot Size | 0.35 AC |
Development opportunity, a fully entitled 15,387 SQFT lot. This DH-2 zoned site (Dixie Highway Medium Intensity Multi-Family District) is shovel-ready, with approved plans and permits for a 4-story, 27-unit multi-family building.
DESCRIPTION
We are excited to present a rare development opportunity at 2246 Monroe St, a fully entitled 15,387 SQFT lot in the heart of Hollywood, FL. This DH-2 zoned site (Dixie Highway Medium Intensity Multi-Family District) is shovel-ready, with approved plans and permits for a 4-story, 27-unit multi-family building. The development plan includes: - 1, 2, and 3-bedroom spacious units - Rooftop deck with open-air pool - Green space amenity with sun deck, BBQ area, and lounge zone - Fitness center - 34 covered parking spaces + bicycle parking Reports & Approvals: - Approved construction plans available - Full geotechnical investigation completed - Zoning and permitting confirmed for immediate build-out - Close with permit in hands, start construction next day Unbeatable Location: - 5-minute walk to Young Circle City Center – restaurants, grocery stores, arts park & entertainment - 8-minute drive to the famous Hollywood Beach - Easy access to US-1 and I-95 - Strong local school district and family-friendly amenities This is a rare chance to develop in one of South Florida’s most dynamic growth zones. Reach out today to receive full plans, reports, and schedule a site visit.
Presented by
Uniconte LLC
2246 Monroe St - THE ROE
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