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.
| MLS # | A12033892 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1956 |
| Days On Site | 66 |
| Listing Provided By | Fausto Commercial Realty Consultants Inc | Elior Levi |
| SQ Feet | 3,164 |
|---|---|
| Story(s) | 1 |
| Zoning | RS-1 |
| Lot Features | Less Than Quarter Acre |
|---|
| Tax Annual Amount | 25502 |
|---|
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3020 |
| Subarea | Hollywood East (3010 3050) |
| Community Name | LIBERIA |
| Listing VS Median (in LIBERIA) | |
Price: $1,295,000 low | high Med: $2,950 sqft: 3,164 low | high Med: 1,323 $ / sqft: $409 low | high Med: $2 On site: 66 low | high Med: 52.5 | |
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3020 |
| Subarea | Hollywood East (3010 3050) |
| Community Name | LIBERIA |
| Listing VS Median (in LIBERIA) | |
Price: $1,295,000 low | high Med: $2,950 sqft: 3,164 low | high Med: 1,323 $ / sqft: $409 low | high Med: $2 On site: 66 low | high Med: 52.5 | |
![]() | $1,295,0002247 Simms StHollywood, FL 33020 |
![]() | $840,0002240 Simms StHollywood, FL 33020 |