List Search

2242 Monroe St
Hollywood, FL 33020 Highland Garden

$2,100,000 USD

Land For Sale  •  15,387 AC

Property Details

  • Property Type Land
  • Lot Size 15,387 AC
  • Zoning DH-2
30 Transit Score
70 Walk Score

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.

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: 2.5+ & Gross Return: 155%+
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

Property Flyers

Financial Summary (Proforma)

Net Operating Income: $698,908 USD (2026)
Total Expenses: $322,573 USD

Public Transportation

Commuter RailDriveWalkDistance
Hollywood (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 4 min - 1.4 mi
Sheridan Street (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 7 min - 2.6 mi
AirportDriveWalkDistance
Fort Lauderdale/Hollywood International 12 min - 6.5 mi
Miami International 41 min - 24.5 mi
Anastasiia Lytvyn 312-423-7934 Uniconte LLC
Anastasiia Lytvyn 312-423-7934 Uniconte LLC