2247 Simms St - Apartments FOR SALE


Hollywood, FL 33020- Liberia
$1,295,000 USD
954-743-7594
2247 Simms St, Hollywood, FL for Sale
$1,295,000 USD
Apartments - FOR SALE
1/22
null | 6.23% Cap Rate

2247 Simms St
Hollywood, FL 33020
Liberia


HIGHLIGHTS

  • Strong In-Place Cash Flow: Generating approximately $80,718 in annual NOI with a 6.23% cap rate.
  • Renovated Apartment Community: Seven one-bedroom units featuring central A/C and stainless steel appliances.
  • Low Capital Expenditure Asset: Impact windows and a 2016 roof help reduce near-term ownership costs.
  • Future Rental Upside: Opportunity to increase revenue through continued rent growth.
  • Efficient 7-Unit Property: Well-sized asset offering straightforward management and operations.
  • Prime Hollywood Location: Minutes from Downtown Hollywood, Hollywood Beach, the airport, and Interstate 95.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$405 USD /SF

# OF UNITS

7

PRICE/UNIT

$185,000

CAP RATE

6.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Simms Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1956

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RS-1

APN/PARCEL ID

51-42-04-01-1280

ASK ABOUT THIS PROPERTY

Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

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Elior LeviFausto Commercial Realty ConsultantsMore Info
954-743-7594

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.