1940 Adams St, Hollywood FL 33020

For sale Days on market 104

HOLLYWOOD [ Triplex ]

$885,000

$492/sq ft

$14,900
Price Decreased

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Overview

Year Built

1954

Sqft

1798

Property Type

Triplex

Property Description

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.

Property Details

MLS#

A12029788

Total Floor in Bldg

Building

HOLLYWOOD

Address

1940 Adams St

City

Hollywood

State/county

Zip/Postal Code

33020

Area

Hollywood

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$17,189

Maint Fee

$--

Tax Year

2025

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