Property Description

2247 Simms Street is a 7-unit multifamily property located in the heart of Hollywood, Florida, consisting of seven 1-bedroom/1-bath units within a 3,164 SF building. The property is currently generating approximately $80,718 in NOI, representing a 6.23% cap rate at the asking price, with additional upside through future rent growth. The asset features impact windows, central A/C throughout, stainless steel appliances, and a 2016 roof, minimizing near-term capital expenditures. Ideally situated just 5 minutes from Downtown Hollywood, 10 minutes from Hollywood Beach, and 8 minutes from Fort Lauderdale-Hollywood International Airport, with convenient access to Interstate 95, the property benefits from strong tenant demand and proximity to major employment, dining, retail, and entertainment destinations, making it an attractive investment opportunity in one of South Florida’s most active rental markets.

Features
Sewer
Address Map
State:
FL
County:
Broward
City:
Hollywood
Zipcode:
33020
Street:
2247 Simms St, Hollywood, Florida 33020
Longitude:
W81° 50' 50.7''
Latitude:
N26° 2' 11.2''
MLS Addon
Building Area:
3,164 Sqft
Cumulative DOM:
1
DOM:
3
Internet Address Display:
1
Internet Listing Display:
1
Parcel Number:
514204011280
Structure Type:
Apartment
Tax Annual Amount:
$25,502
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Commercial Sale For Sale

2247 Simms St, Hollywood, Florida 33020, Hollywood, Florida 33020

8,002 Sqft
$1,295,000
MLS # #A12033876
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$1,295,000
Year Built :
1956
Lot Area :
8,002 Sqft
MLS # :
A12033876
Property Sub Type :
Multi Family
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