2247 Simms Street, Hollywood, FL 33020
Hollywood, FL, 33020
$1,295,000
0 ba
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.
Location
Comparable residences
$1,699,000
0 ba
Hollywood — available upon request
Listing courtesy of ISRAM Realty & Management
$1,500,000
0 ba
1741-1743 Moffett Street, Hollywood, FL 33020
Listing courtesy of RE/MAX 5 Star Realty
$1,099,995
0 ba
3211 Calle Largo Drive, Hollywood, FL 33021
Listing courtesy of Real Broker LLC
$900,000
5 ba
411 Columbus Parkway 1-5, Hollywood, FL 33021
Listing courtesy of The Keyes Company
$995,000
0 ba
1910 Washington Street, Hollywood, FL 33020
Listing courtesy of RE/MAX 5 Star Realty
$1,690,000
0 ba
6101 Garfield Street, Hollywood, FL 33024
Listing courtesy of Adonait Business LLC