1940 Adams St, Hollywood, FL, 33020
1954
1,798 sqft
Rare opportunity to own an income-producing triplex with future redevelopment potential. This property features one 2-bedroom, 2-bath unit on the first floor and two 1-bedroom, 1-bath units on the second floor. The two 1-bedroom units are leased annually and the 2-bedroom unit is on a month-to-month lease, providing flexibility for an owner-occupant. Renovated in 2023 and offered furnished, the property features porcelain flooring, a marble staircase and entrance, updated kitchen appliances, newer HVAC systems and window units (2024-2025), three water heaters installed in 2025, impact windows throughout except the front windows, keyless entry, security cameras, three separate electric meters, no popcorn ceilings, and parking. The roof was fully replaced in May 2026. Located just minutes from the beach, shopping, dining, and major expressways, this property offers more than just current income. Zoned PS-2 (Parkside Medium Intensity Multi-Family District), the property allows short-term rentals (Airbnb) creating additional income opportunities. The unique lot configuration, unlike neighboring properties, potentially allows for the construction of up to 9 units as the building is positioned toward the rear of the lot (Buyer to verify all redevelopment and zoning possibilities with the city). This triplex offers exceptional value in a growing area with opportunities to have immediate cash flow, short-term rentals or future development potential.
Status:
Active
Type:
Multi-family
Zoning:
PS-2
Subdivision:
HOLLYWOOD
Heating:
Central, Electric
Cooling:
Central Air, Electric, Wall/Window Unit(s)
Parking:
6-car
Est. Taxes:
$17,189
Construction
Brick
Utilities
Cable Available
Lot Description:
Interior Lot,< 1/4 Acre
Days on Market:
2
Pool:
None
MLS #:
A12029788
Community Info
School Info
Walk Score
Yelp
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