$1,295,0001 days on marketActive

2247 Simms Street, Hollywood, FL 33020

Hollywood, FL 33020

Sq Ft

1956

Year Built

0.18 acres

Lot Size

Listing Snapshot

List Price	$1,295,000
Beds	0
Baths	0
Living Area	0 sqft
Lot Size	0.18 acres

Year Built	1956
Property Tax	$25,502/yr
MLS #	1174683439
Status	Active
Days on Market	1

About This Home

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.