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    2240 Simms St Hollywood, FL 33020

    For Sale
    $919,900

    Turn-key apartment building, great income!

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    This exceptional turn-key investment opportunity presents a meticulously maintained two-story apartment building located at 2240 Simms St, Hollywood, Florida 33020, in Broward County. Built in 1952, this property offers four identical 2-bedroom, 1-bathroom units, each boasting approximately 800 square feet of living space. Each unit features its own dedicated parking space and a separate breaker panel for enhanced safety and convenience. Recent upgrades include a new roof (installed in 2019), new air conditioning units, and new washer/dryer sets in every unit. The interiors are beautifully appointed with ceramic flooring, crown molding, and recessed LED lighting, creating a bright and inviting atmosphere. Kitchens are tastefully designed and equipped with modern appliances, including dishwashers, and stylish granite countertops. The property presents an amazing income opportunity for savvy investors seeking a well-maintained, high-performing asset in a desirable location. This is a truly move-in ready investment, requiring minimal effort to generate immediate returns. The property's strong rental history and consistent cash flow make it an attractive addition to any portfolio. Don't miss this chance to acquire a prime multifamily property in the thriving Hollywood, Florida market.

    Property Features for 2240 Simms St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1952
    Stories
    2

    HighLights

    • $919,900 asking price.
    • Multifamily apartment building (duplex/triplex/quadruplex).
    • Built in 1952, two stories.
    • Four 2/1 units, each with a parking space, individual breaker panel, new AC units, and new washer/dryer.
    • Units feature ceramic flooring, crown molding, recessed LED lighting, and kitchens with granite countertops and new appliances.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hollywood
    County
    Broward
    State
    Florida
    Longitude
    -80.1528825
    Latitude
    26.0362145

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    FAQs

    What type of property is this?
    Multifamily property - Turn-key apartment building, great income!
    Where is this multifamily property located?
    The property is located at 2240 Simms St Hollywood, FL.
    What is the asking price?
    The asking price for this property is $919,900.
    What are key features of this property?
    This property features: $919,900 asking price.; Multifamily apartment building (duplex/triplex/quadruplex).; Built in 1952, two stories.
    Request Owner's contact information
    2240 Simms St Hollywood, FL 33020
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    Hollywood, FL 33020
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2240 Simms St Hollywood, FL 33020
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