Fort Lauderdale & South Florida Real Estate Waterfront Homes • Luxury Properties • Local Broker Expertise

Fourplex

2247 Simms St

Hollywood, FL 33020

MLS#: A12033892

$1,225,000

Status: Active
Listing number: A12033892
Listing provided by: Fausto Commercial Realty Consultants Inc
Listing agent phone: None
Last update: a month ago
On site: 4 months ago
Browse Properties
LIBERIA - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1956

Sq.Footage

3,164

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Central

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Pool

    No

  • Waterfront YN

    NO

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Fourplex

Price

  • Sales Price

    $1,225,000

  • Tax Amount

    $25,502

  • Financing Options

    Cash, Conventional

  • Zoning

    RS-1

  • Sq. Footage

    3,164

  • Price/SqFt

    $387

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Sewer

    Public Sewer

  • Water Source

    Public

Schedule a Showing

Showing scheduled successfully.

<
>
IN PERSON
VIA CHAT

What is 3 + 4 ?


Mortgage calculator

Estimate your monthly mortgage payment, including the principal and interest, property taxes, and HOA. Adjust the values to generate a more accurate rate.

Your payment

Principal and Interest:

$

Property taxes:

$

HOA fees:

$

Total loan payment:

$

Total interest amount:

$

Location

County

Broward

Elementary School

Middle School

High School

Listing Courtesy of Elior Levi, Fausto Commercial Realty Consultants Inc

RealHub Information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. RealHub website owner shall not be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Agent Jarrod Gaylis

Managing Broker & Founder

Jarrod Gaylis

Call Jarrod today to schedule a private showing.

(305) 790-0199

jgaylis@perfectpropertiesfl.com


* Listings on this website come from the FMLS IDX Compilation and may be held by brokerage firms other than the owner of this website. The listing brokerage is identified in any listing details. Information is deemed reliable but is not guaranteed. If you believe any FMLS listing contains material that infringes your copyrighted work please review our DMCA policy and learn how to submit a takedown request.© 2024 FMLS.
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.

2247 Simms St

Message successfully sent.

What would you like to know?

What is 3 + 4 ?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by Perfect Properties of Florida Real Estate via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Related Properties

New on site 2 days ago
A compelling multifamily investment with immediate income and meaningful upside. Introducing 5719 Johnson Street, a fully occupied, five-unit multifamily property in the heart of Hollywood, offering investors the opportunity to acquire an income-producing asset with significant rental upside. With current rents below market, the property has the potential to exceed $100,000 in gross annual rental income as leases transition to market rates. Ideally positioned just off US-441, with convenient access to I-95 and the Seminole Hard Rock Hotel & Casino, the property combines location, a desirable unit mix, and operational advantages. The five residences include one two-bedroom/one-bathroom unit and four one-bedroom/one-bathroom units, complemented by 10 parking spaces and individual electric meters. Set on an expansive approximately 15,000-square-foot lot, the property also features beautifully landscaped garden areas and additional outdoor lounge space, enhancing its appeal to tenants. For investors seeking to expand their holdings, 5719 Johnson Street may also be acquired together with the neighboring office building at 5715 Johnson Street, presenting an opportunity to secure two complementary assets in one transaction.
#A12119204

Hollywood

5719 Johnson St

None Beds

None Baths

2,147 Sq.Ft.

$980,000

MLS#: A12119204

Excellent Multifamily Investment Opportunity in the Heart of Hollywood! Discover this well-maintained property featuring four separate living spaces, offering excellent income-producing potential in a highly desirable and convenient location. The property features updated interiors, tile and vinyl flooring, individual air conditioning units, and a versatile layout ideal for maximizing rental opportunities. Conveniently located just west of US-1, minutes from Downtown Hollywood, Young Circle, restaurants, shopping, entertainment, and Hollywood Beach. Easy access to major highways, Fort Lauderdale, and surrounding South Florida destinations makes this an attractive location for tenants. Whether you're an experienced investor looking to expand your portfolio or purchasing your first multifamily property, this is a fantastic opportunity to own a versatile income-producing property in a growing Hollywood market!
#A12110359

Hollywood

1838 Mckinley St

None Beds

None Baths

1,911 Sq.Ft.

$990,000

MLS#: A12110359

A palm-shaded courtyard, tropical greenery, and individual entrances give this Hollywood triplex an inviting Florida feel. The property offers three 1-bedroom/1-bath apartments in a single-story CBS building, along with five on-site parking spaces. Garden walkways connect the residences and shared outdoor areas, adding character to the property's setting. A consistent one-bedroom unit mix brings a straightforward three-unit configuration to buyers looking to establish or expand a multifamily portfolio. With its courtyard atmosphere, mature landscaping, and on-site parking, 1944 Buchanan Street offers a distinctive small multifamily opportunity in Hollywood.
#A12094282

Hollywood

1944 Buchanan St

None Beds

None Baths

2,989 Sq.Ft.

$1,150,000

MLS#: A12094282

Six units, a versatile apartment mix, and a palm-lined outdoor setting create a distinctive multifamily opportunity in Hollywood. The property includes two 2-bedroom/1-bath apartments, two 1-bedroom/1-bath apartments, and two studios, offering a range of layouts within one acquisition. Multiple buildings, individual entrances, shared yard areas, and eight on-site parking spaces add to the property's residential character. Reported improvements include updated plumbing and electrical systems and replacement of the horizontal sewer line. County records reflect 3,476 sq ft of adjusted building area. An opportunity to expand a South Florida rental portfolio with six units and a varied unit mix.
#A12094136

Hollywood

1111 N 22nd Ave

None Beds

None Baths

7,030 Sq.Ft.

$1,295,000

MLS#: A12094136

1859 Lincoln Street presents an opportunity to acquire a fully renovated and turnkey 4-unit multifamily property in Hollywood, Florida, consisting of four large 2-bedroom/2-bath units and approximately 3,869 SF of building area. The property currently generates $9,450 in monthly rental income, with each unit separately metered for electricity and a single water meter serving the property. Recent improvements include a brand-new roof, central A/C, impact windows and doors, PVC plumbing, new kitchen cabinets, and renovated bathrooms, providing a low-maintenance asset with limited near-term capital needs. The oversized units also offer a compelling value-add opportunity with the potential to convert the existing layouts to 3-bedroom/2-bath units and further increase rental income. Conveniently located near Downtown Hollywood, the beach, major roadways, shopping, dining, and employment centers.
#A12078278

Hollywood

1859 Lincoln St

None Beds

None Baths

3,869 Sq.Ft.

$1,399,000

MLS#: A12078278

Price reduced
Excellent income-producing 4-plex opportunity in a great location! This east of US-1 property features multiple rental units on one property with strong investment potential. The front building offers a charming 2-bedroom, 1-bath residence plus a separate studio, highlighted by impact windows, tile flooring throughout, granite countertops, wood cabinetry, stainless steel appliances, central A/C, and a welcoming enclosed front porch full of character. The detached two-story building includes two additional 1-bedroom, 1-bath apartments, each with impact windows, separate living spaces, and central A/C. Additional features include a shared coin laundry, two electric meters, one water meter, two water heaters, and roofs replaced in 2014. Front building A/C replaced in 2023, with additional A/C systems updated throughout the property. A rare opportunity for investors seeking immediate income with long-term upside in a high-demand rental market.
#A12050185

Hollywood

1624-1630 Jackson St

None Beds

None Baths

3,954 Sq.Ft.

$999,900

MLS#: A12050185

This duplex situated on a massive 13,731 SqFt lot is situated in the heart of Hollywood! Just minutes away from South Dixie, US-1, and I-95, making it very practical to get around South Florida. On a quiet residential street. There is currently a duplex on the property, each unit featuring 2 bedrooms and 1 bathroom. The duplex generates $3,700 per month. This property has plans currently under review from City of Hollywood for the construction of a 14 unit apartment. Don't miss your chance to hop on this great investment or development opportunity.
#A12043079

Hollywood

2215 Adams St

None Beds

None Baths

1,583 Sq.Ft.

$999,000

MLS#: A12043079

This brand new, fully leased fourplex in the heart of Hollywood is an investor's dream. Only one year old this property will be very low maintenance for many, many years. Units earn between $2,160 and $2,260 each, meaning this could make you a passive $10,000 without lifting a finger. In a quiet, peaceful, suburban area between Miami and Ft. Lauderdale there will always be high demand for rentals just like this. The building has 6 parking spaces, all marked so you can assign them as you see fit. Do not miss the opportunity to own a cash cow in South Florida!
#A12007433

Hollywood

2320 Garfield St

None Beds

None Baths

2,700 Sq.Ft.

$1,299,000

MLS#: A12007433

This rare Double lot, located at 1928 McKinley St offers a prime investment opportunity in an up-and-coming area of Hollywood. This property is a dream for investors and developers Property Highlights:Current Income: Generates a strong monthly income of $9,500. Development Plans: Preliminary design for a 15-unit residential development project. uses Multi-Family Residential,Bed and Breakfast Inn Assembly of pre-manufactured parts for sale on the premises Commercial Uses Food Processing Museum, Art Gallery, and Similar Cultural Uses Day care facilities Places of worship, meeting halls and fraternal lodges Schools (All)
#A11729035

Hollywood

1928 Mckinley St

None Beds

None Baths

4,673 Sq.Ft.

$1,300,000

MLS#: A11729035

Send a message

Message successfully sent.

Your message

What is 3 + 4 ?

Reason for contacting?

I agree to receive email communication and understand I can unsubscribe at any time.

I agree to be contacted by Perfect Properties of Florida Real Estate via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Sign Out

Virtual Assistant

Would you like to take the next step with this property? We can help you schedule a showing or virtual tour, or send you more details.

Yes, I would like more information.

Thank You for Your Reply, One of Our Agents will contact you as soon as possible

No, maybe later.

Thank you, you can always contact me via email, phone number or through the contact form.

Realhub AI

Lucy - Your AI-Powered Realtor

Update Your Temporary Password

Personalize your search

Enter your email and we'll notify you immediately when new listings match what you're looking for.

or enter email address

Already have an account ? Login here

Continue your home search

I agree to receive communications and understand I can unsubscribe at any time.

I agree to be contacted by Perfect Properties of Florida Real Estate via call, email, and text for real estate services. To opt out, you can reply 'stop' at any time or reply 'help' for assistance. You can also click the unsubscribe link in the emails. Message and data rates may apply. Message frequency may vary. Privacy Policy

Already have an account ? Login here

We use cookies

We use cookies primarily for analytics to enhance your experience. By accepting, you agree to our use of these cookies. You can manage your preferences or learn more about our cookies policy.

Privacy Policy Terms of Service