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$ 1,295,000
Est. payment | /mo
3,164 SqFt
$ 1,295,000
Est. payment | /mo
3,164 SqFt
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,164 sqft
Price per Sqft $409
MLS Listing ID A12033876
HOA Y/N No
Year Built 1956
Annual Tax Amount $25,502
Tax Year 2025
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Multi Family
Property Description
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
State FL
County Broward
Area 3020
Zoning RS-1
Interior
Interior Features InteriorFeatures
Fireplace No
Exterior
Water Access Desc Public
Building
Sewer Public Sewer
Water Public
Others
Tax ID 514204011280
Acceptable Financing Cash, Conventional, Other
Listing Terms Cash, Conventional, Other
Listed by Elior Levi Fausto Commercial Realty Consultants Inc
NEARBY SCHOOL & BUSINESS
300 Sebastian Blvd, Sebastian, Florida, 32958, United States