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.
- Sewer
- 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''
- 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
- Virtual Tour:
- Click Here
Commercial Sale For Sale
2247 Simms St, Hollywood, Florida 33020, Hollywood, Florida 33020
- 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
