2247 Simms St, Hollywood FL 33020
Hollywood, FL 33020
$1,225,000
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- Price
- $1,225,000
- Building size
- 3,164
- Property type
- Income/MultiFamily
- Year built
- 1956
- Lot size (sq ft)
- 8,002
- MLS number
- A12033876
This listing is courtesy of Fausto Commercial Realty Consultants Inc, 954-743-7594.
About this property
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.
Details
- Property type
- Income/MultiFamily
- Year built
- 1956
- Lot size (sq ft)
- 8,002
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC