2247 Simms St, Hollywood, FL 33020
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2247 Simms St, Hollywood, FL 33020
2247 Simms St, Hollywood, FL 33020
2247 Simms St, Hollywood, FL 33020
2247 Simms St, Hollywood, FL 33020
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Alex Mendel

Alex Mendel

+1(561) 827-8449
$ 1,295,000
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2247 Simms St Hollywood, FL 33020

3,164 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,164 sqft

Price per Sqft $409

MLS Listing ID A12033876

HOA Y/N No

Year Built 1956

Annual Tax Amount $25,502

Tax Year 2025

Lot Size 8,002 Sqft

Property Sub-Type Multi Family

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.

Location

State FL

County Broward

Area 3020

Exterior

Private Pool Yes

Building

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Others

Tax ID 514204011280

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12033876

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

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Alex Mendel

Alex Mendel

Agent

+1(561) 827-8449

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2247 Simms St

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