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.… Read More 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. Read Less
Courtesy of Fausto Commercial Realty Consultants Inc, Elior Levi, 786-748-7373.
Listing Snapshot
Days Online
5
Last Updated
Property Type
Multi Family
Square Ft.
3,164
Lot Size
0.18 Acres
Year Built
1956
MLS Number
A12033876
30 Days Snapshot Of 33020
$242k
+2%
(avg) sold price
3
-25%
homes sold
418
+133%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1956, Toal building area: 3164, 7 total units
Lot
0.18 acres
Property
Zoning: RS-1
Sewer
"Public Sewer"
Taxes
Annual amount: $25,502
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