tomo logo

$600,000

Beds
4
Baths
3.0
sq ft
2,280

6830 Simms St, Hollywood, FL 33024

6830 Simms St

Hollywood, FL 33024

  • 16 days on market
Prime investment opportunity in Hollywood, FL. This rented duplex generates $4,000 per month with a lease in place until May 31, 2025, offering immediate rental income with the potential for increased earnings on the next lease. The property features two separate living spaces: the downstairs unit offers three bedrooms, two bathrooms, an updated kitchen, and modern tile flooring, while the upstairs unit includes one bedroom, one bathroom, a large open living area, and a functional kitchenette.FULL IMPACT WINDOWS, newer A/C and a new roof is being installed 2025,a covered patio, a fully fenced backyard with shed. Conveniently located near major highways, shopping, and just minutes from Hollywood Beach and Seminole Hard Rock Hotel & Casino. Great for any investor

Details

Property type

Single Family Residence

Est. home value

$538,171

Lot size

6,360 sq ft

Price per sq ft

$264

Year built

1981

Annual property taxes

$12,030

Price History

02/05/2025
Beaches

Beaches #R11059389

Listed
$600,000
+130.77%
04/02/2015
SEF

SEF #A2058626

Sold
$260,000
+120.34%
11/07/2014
SEF

SEF #A2016658

Sold
$118,000

Schools & Community

Neighborhood: 

Driftwood

Elementary school: 

Driftwood

Middle school: 

Driftwood

High school: 

Hollywood Hills

Community features: 

Street Lights, Sidewalks

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$398,311
Asking price
$600,000
Closing costs (~8% of asking)
-$48,000
Est. remaining loan balance
-$153,689
Cash to seller
$398,311

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Mid-American Mortgage Inc

Loan start date

January 2021

Original loan amount

$169,505

Est. remaining balance

$153,689

Interest rate

2.71%

Loan type

FHA, 30 year

Seller

Jesse Sanchez

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 02/22/2025 at 12:40 PM

Listing updated: 02/06/2025 at 4:42 PM

Listed by: Tabatha Cabrera, KW Innovations Phone #: (561) 735-3000

MLS: Beaches #R11059389

Beaches logo

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