2247 Simms St, Hollywood FL 33020

Description of 2247 Simms St, Hollywood FL 33020

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.

Property Details for 2247 Simms St, Hollywood FL 33020

Pool Private

No

Building Information for 2247 Simms St, Hollywood FL 33020

Building Area Total

3164

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Property Information for 2247 Simms St, Hollywood FL 33020

Lot Size Square Feet

8,002

Waterfront

No

View

No

Sewer

Public Sanitation

Water Source

Public

New Construction

No

Public Records for 2247 Simms St, Hollywood FL 33020

Parcel Number

514204011280

Tax Annual Amount

$25,502

Tax Year

2,025

Tax Legal Description

LIBERIA 1-34 B LOT 22 TO 24 BLK 5

Zoning

RS-1

County Or Parish

Broward County

Location