Commercial Sale · Income/MultiFamily
2247 Simms St, Hollywood FL 33020, HOLLYWOOD, FL, 33020
Active58 days on marketListed Jun 15, 2026MLS #A12033876
About this property
The property at a glance
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.
3,164
Building sq ft
$409
Price / sq ft
8,002
Lot sq ft
1956
Year built
1
Building
RS-1
Zoning
Income/MultiFamily
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$8,108/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Leliana to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
3,685
Population
$47,083
Median income
39
Median age
3
Avg household
$295,300
Median home value
$1,311/mo
Median rent
241
Households w/ kids
Consumer profile
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Movie buffs and binge watchers expressing their love for movies, storytelling, and the film making process.
There's no place like home. This activity is highest when people are feeling relaxed, like sharing a meal with friends or enjoying their morning coffee in their own home.
Passionate about style, smart chic searches high and low for the perfect look - but not one that will break the bank.
This population swims against the tide of mainstream culture. Common interests include old music, antiques, and alternative diets (i.e., veganism).
Recent sales
What actually sold near 2247 Simms St
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$775,000
615 NE 3rd St # 4, Hallandale Beach FL 33009
Sold Jun 9, 2025
$1,050,000
326 NE 6th St # 6, Hallandale Beach FL 33009
Sold Aug 12, 2025
$4,260,000
1950 Fletcher St, Hollywood FL 33020
Sold Oct 24, 2025
Your team
The pros in your corner
Your agent
Leliana Vazquez
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 2247 Simms St — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 2247 Simms St.
See it in person
Schedule a tour
Live availability from Leliana's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Fausto Commercial Realty Consultants Inc · Elior Levi. MLS #A12033876.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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