2247 Simms St ,Apartments for Sale & Rent

2247 Simms St for Sale & Rent

Price $1,295,000.00

• Lot size 8002
• Year Build 1956
• Waterfront
• Zip 33020
• Style
• Parking Description
• Pool Yes
• Status Active

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.

LIBERIA 1-34 B LOT 22 TO 24 BLK 5

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.

City:Hollywood,Zoning:RS-1,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2025,Latitude:26.0365894,List Price:1295000,Listing Id:A12033876,Longitude:-80.1532974,Mls Status:Active,Year Built:1956,Postal Code:33020,Street Name:Simms St,Coordinates:1:26.0365894,Photos Count:20,Days On Market:1,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:3020,On Market Date:2026-06-15,Parcel Number:514204011280,Property Type:Commercial Sale,Stories Total:1,Street Number:2247,Public Remarks: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.,County Or Parish:Broward County,Expiration Date:2026-12-09,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1635,Property Sub Type:Income/MultiFamily,State Or Province:FL,Tax Annual Amount:25502,Unparsed Address:2247 Simms St, Hollywood FL 33020,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Building Area Total:3164,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:8002,M I A M I R E_ Flood Zone:X,Number Of Buildings:1,Original List Price:1295000,Public Survey Range:51,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks: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.,Listing Contract Date:2026-06-15,Originating System I D:miamire,Showing Instructions:Call Listing Agent,Street Number Numeric:2247,Tax Legal Description:LIBERIA 1-34 B LOT 22 TO 24 BLK 5,M I A M I R E_ Current Price:1295000,Public Survey Township:51,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Geographic Area:Hollywood East (3010-3050),M I A M I R E_ Internet Remarks:Please visit Fausto Commercial Realty Consultants Inc.,M I A M I R E_ Parcel Number M L X:1280,M I A M I R E_ Street View Param:1$26.036556$-80.153322$136.10$13.33$1.00$eie1Uhh7Gwo9W14vN7_OKQ,Contract Status Change Date:2026-06-15,Internet Address Display Y N:1,Number Of Units In Community:7,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:1,M I A M I R E_ Agent Alternate Phone:954-743-7594,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:2247 Simms St,M I A M I R E_ Multiple Offers Accepted Y N:1,Internet Automated Valuation Display Y N:1,