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2247 Simms St
Listing Details
- $1,295,000
- MLS# A12033892
- Type Multi Unit - Multiple
- 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... Read more
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All Property Features
- Property Type: Multi Unit - Multiple
- Cooling: Central Air
- Crops Included Y/N: No
- Days on Site: 5
- Exterior: Concrete Block Construction
- Flooring: Other, Tile, Vinyl
- Heating: Central
- Home Style: Detached
- Home Warranty Y/N: No
- Lease Considered Y/N: No
- Listing Terms: All Cash, Conventional
- Lot Description: Less Than 1/4 Acre Lot
- Parcel#: 514204011280
- Property Attached Y/N: No
- Property Sub-Type: Quadruplex
- Roof Type: Shingle
- Sewer: Public Sewer
- Stories: 1.0
- Taxes: $25,502
- Units: 7
- Water: Municipal Water
- Year Built: 1956