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2247 Simms St, Hollywood, FL 33020
Offering:
For Sale
Location:
Hollywood, FL 33020
Status:
Active
$1,225,000
Deemed reliable but not guaranteed.
Details
Year built:
1956
Lot size:
8,002 sq ft
Levels:
One
Stories:
1
Days on market:
91
Annual tax (2025):
$25,502
Type:
Multi-family
MLS ID
A12033876
Virtual tour:
Listed by:
Fausto Commercial Realty Consultants Inc (FAUS01)
Listing office phone:
954-743-7594
Listing office email:
Listing agent:
Elior Levi (3574869)
Utilities
Water source:
Public
Sewer:
Public Sewer
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.
Price history
$1,295,000 → $1,225,000
·
Reduced by
$70,000 (5.4%) · 2 price changes
Location
2247 Simms StHollywood, FL 33020
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MLS information
Last updated Sep 14, 2026
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