ActiveIncome/MultiFamily
2247 Simms St, Hollywood FL 33020
Hollywood, FL 33020 · MLS #A12033876The residence
About this property
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.
At a glance
Property details
- Property type
- Income/MultiFamily
- Listing type
- For sale
- Status
- Active
- Year built
- 1956
- Lot size
- 8,002 sq. ft.
- County
- Broward County
- Days on market
- 91
- Original list price
- $1,295,000
- Listing date
- June 15, 2026
- Annual property tax
- $25,502 (2025)
- Listing agent
- Elior Levi
- Listing office
- Fausto Commercial Realty Consultants Inc
- MLS number
- A12033876
Neighborhood & location
Explore Hollywood
Review nearby homes, local services, commute routes, schools, flood information, and community rules as part of your due diligence. Neighborhood information can change and should be verified with the appropriate local authority.
Schools
School information
- School district
- Broward County Public Schools
Plan your purchase
Mortgage calculator
- Principal & interest
- $6,194
- Property taxes
- $2,125
- Homeowners insurance
- $613
- Estimated total
- $8,932
Estimate only. Taxes, insurance, association fees, PMI, interest rate, and lender terms vary. Confirm the actual payment and closing costs with a licensed mortgage professional. Review Florida mortgage and pre-approval guidance.
Continue your search
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$995,000Listing courtesy of Fausto Commercial Realty Consultants Inc, 954-743-7594.
Data provided by MIAMI Association of REALTORS®. Information is deemed reliable but is not guaranteed accurate by the MLS and should be independently verified. Property availability, price, and details are subject to change without notice.