$1,225,000
2247 Simms St, Hollywood FL 33020
138 days on marketPrice reduced $70,000 on Sep 14, 2026
- Living area
- 3,164 sqft
- Price per sqft
- $387
- Type
- Quadruplex
- Year built
- 1956
- Taxes
- $25,502/yr
- MLS #
- A12033892
About this home
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.
Estimated subtotal
$2,125/mo
- Principal and interestThe current market rate is not available right now. Enter the rate your lender quoted.
- Not included
- Property taxMLS 2025 annual tax, shown monthly
- $2,125
- HOANot in the MLS record
- Not included
The current market rate is not available right now. Enter the rate your lender quoted.
Estimate. Jumbo and investor loans are often priced differently; verify with your lender. Property tax is the seller's current bill and may be reassessed after purchase. Items marked Not included are not in this total.
Is this the right price?
We send written comps, the full cost of owning it and an offer strategy before you tour or offer.
The neighborhood
Hollywood, 33020
What to check here
Distinguish beach condos from houses; confirm association obligations and local rental rules.
Listing courtesy of Fausto Commercial Realty Consultants Inc
Listing data provided by the Miami Association of Realtors MLS, deemed reliable but not guaranteed.