Property Details
| Asking Price | $1,225,000 |
|---|---|
| Price per SqFt | $387 |
| Maintenance fee | Inquire |
| Property Taxes | $25,502 2025 |
| Interior Space | 3,164 SqFt |
| Beds/Baths | —/— |
| Year Built | 1956 |
| Pool | No |
| MLS # | A12033892 |
Estimated Costs
An estimate of condo or HOA fees and property taxes
Monthly carry is not computed when the association fee or the taxes are not provided.
From the listing
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.
Listed by Fausto Commercial Realty Consultants Inc
Sales History for This Home · 2247 Simms Street, Hollywood, FL 33020
| Sale ⇅ | Sold Price ⇅ | Closed Date ⇅ |
|---|---|---|
| A10731049 | $725,000 | 10/31/19 |
| A10215103 | $525,000 | 10/12/17 |
| A2131297 | $470,000 | 1/29/16 |
Listed by Fausto Commercial Realty Consultants Inc. Mark Zilbert of ONE Sotheby's International Realty is a cooperating (transaction) broker and helps buyers find properties in Hollywood and throughout South Florida.
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Location
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