$1,225,000
 $6,576 est/mo Sourced by Back At You

2247 Simms Street,Hollywood, FL 33020

Hollywood, FL 33020

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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.

Details

MLS #A12033876
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1956
Days On Site116
Listing Provided ByFausto Commercial Realty Consultants Inc | Elior Levi

Features

SQ Feet3,164
Units7
Building(s)1
ZoningRS-1
Acreage0.18

Taxes

Tax Annual Amount25502

Area Information

StateFL
CountyBroward
CityHollywood
Zip Code33020
Area3020
SubareaHWEA Hollywood East (3010 3050)
Listing VS Median (in 33020)
Price:
$1,225,000
low | high
Med:
$8,250
100% of Average
sqft:
3,164
low | high
Med:
5,091
10.90391908976% of Average
$ / sqft:
$387
low | high
Med:
$2
100% of Average
On site:
116
low | high
Med:
5
100% of Average
Sourced by Back At You

Market Activity 33020

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Learn More About This Property

StateFL
CountyBroward
CityHollywood
Zip Code33020
Area3020
SubareaHWEA Hollywood East (3010 3050)
Listing VS Median (in 33020)
Price:
$1,225,000
low | high
Med:
$8,250
100% of Average
sqft:
3,164
low | high
Med:
5,091
10.90391908976% of Average
$ / sqft:
$387
low | high
Med:
$2
100% of Average
On site:
116
low | high
Med:
5
100% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 7:28:11 PM PDT