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.
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*Private Mortgage Insurance - included if downpayment is less than 20% of mortgage.
**Monthly payment - a sum of Principle, Interest, PMI, Tax, Insurance.
| Name | Address | Type | # of Students | Grades | Distance |
|---|---|---|---|---|---|
| Mary M Bethune Elementary School | 2400 MEADE ST | public | 413 | PK - 5 | 0.5 mi |
| Avant Garde Academy K-5 Broward | 2025 MCKINLEY ST | public | 1025 | KG - 5 | 0.83 mi |
| Dania Elementary School | 300 SE 2ND AVE | public | 414 | PK - 5 | 0.98 mi |
| Oakridge Elementary School | 1507 N 28TH AVE | public | 449 | PK - 5 | 1.02 mi |
| Beachside Montessori Village | 2230 LINCOLN ST | public | 793 | PK - 8 | 1.37 mi |
| Collins Elementary School | 1050 NW 2ND ST | public | 307 | PK - 5 | 1.39 mi |
| Sunshine Elementary Charter School | 502 N 28TH AVE | public | 229 | KG - 5 | 1.43 mi |
| Little Flower Catholic School | 1843 PIERCE ST | private | 123 | PK - 8 | 1.51 mi |
| Harvard International Academy | 3260 STIRLING RD STE B | private | 88 | 2 - 12 | 1.56 mi |
| Sheridan Hills Christian School | 3751 SHERIDAN ST | private | 395 | PK - 12 | 1.71 mi |
| Guidepost Montesorri Academy | 2230 HOLLYWOOD BLVD | private | 190 | PK - 12 | 1.77 mi |
| Guidepost Montessori At Hollywood Beach | 2230 HOLLYWOOD BLVD | private | 208 | PK - 12 | 1.77 mi |
| Hollywood Hills Elementary School | 3501 TAFT ST | public | 699 | PK - 5 | 1.81 mi |
| Ben Gamla Charter School | 2620 HOLLYWOOD BLVD | public | 353 | KG - 8 | 1.88 mi |
| Ben Gamla Charter School North Campus | 2620 HOLLYWOOD BLVD | public | 292 | KG - 8 | 1.89 mi |
| Jewish Cooperative School | 2751 VAN BUREN ST | private | 89 | PK - 5 | 1.93 mi |
| Hollywood Academy Of Arts & Science | 1705 VAN BUREN ST | public | 1139 | KG - 5 | 1.95 mi |
| Hollywood Central Elementary School | 1700 MONROE ST | public | 351 | PK - 5 | 2.14 mi |
| Grace And Faith International Academy | 2835 MADISON ST | private | 48 | PK - 12 | 2.2 mi |
| Bridgeprep Academy Of Broward K-8 | 1400 N. 46 AVENUE | public | 101 | KG - 8 | 2.47 mi |
| Bridgeprep Academy Of Hollywood Hills | 1400 N 46 AVE | public | 352 | KG - 5 | 2.49 mi |
| Colbert Elementary School | 2701 PLUNKETT ST | public | 611 | PK - 5 | 2.52 mi |
| Sheridan Hills Elementary School | 5001 THOMAS ST | public | 464 | PK - 5 | 2.57 mi |
| Sunshine State Academy | 1308 S FEDERAL HWY | private | 102 | PK - 3 | 2.59 mi |
| Jewish Academy | 5100 SHERIDAN ST | private | 206 | PK - 8 | 2.65 mi |
| Broward Children's Center Inc | 3891 STIRLING RD | private | 25 | PK - 4 | 2.95 mi |
| Stirling Elementary School | 5500 STIRLING RD | public | 535 | PK - 5 | 2.96 mi |
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