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Dennis Lue Yat

dennis@luxeiq.com +1(561) 589-1400

$1,295,000

Est. payment - /mo

3,164 SqFt

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,164 sqft

Price per Sqft $409

MLS Listing ID A12033892

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 3164

Year Built 1956

Annual Tax Amount $25,502

Tax Year 2025

Property Sub-Type Quadruplex

Property 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.

Location

Subdivision Liberia

State FL

County Broward

Area 3020

Zoning RS-1

Interior

Interior Features InteriorFeatures

Heating Central, Separate Meters

Cooling Central Air

Flooring Other, Tile, Vinyl

Fireplace No

Exterior

Utilities Available Cable Available

Water Access Desc Public

Roof Type Shingle

Total Parking Spaces 6

Private Pool No

Building

Dwelling Type Multi Family

Story 1

Sewer Public Sewer

Water Public

Structure Type Block

New Construction No

Construction Status Resale

Schools

Elementary Schools Oakridge

Middle Schools Attucks

High Schools South Broward

Others

Tax ID 514204011280

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12033892

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Listed by Elior Levi Fausto Commercial Realty Consultants Inc

Nearby School & Business

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Dennis Lue Yat

+1(561) 589-1400

Broker | REALTOR® | SL3301099

Broker | REALTOR® SL3301099

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2247 Simms ST Hollywood, FL 33020

Dennis Lue Yat

Key Details

Location

Interior

Exterior

Building

Schools

Others

Nearby School & Business

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