Investor Alert! Prime location just 5 blocks from Downtown Hollywood's Young Circle and 5 minutes to the beach. Triplex includes two 1BD/1BA units upstairs and a spacious 2BD/2BA unit on the first floor. Property is partially furnished and features porcelain tile floors, European-style kitchens, and stainless steel appliances. Zoned for short-term rentals—ideal for Airbnb or seasonal income. First-floor unit can be converted into two 1BD/1BA units, generating up to $21K in additional annual income. Rents are currently below market, creating strong upside potential. Lot allows for up to 10 units—excellent redevelopment opportunity. Live in one and rent the rest, or maximize income as a short-term rental portfolio. New Roof is getting installed.
1940 Adams St, Hollywood, FL, 33020
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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