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.

Features
Swimming Pool
Heating System
Cooling System
Roof:
Flat
Sewer
Address Map
State:
FL
County:
Broward
City:
Hollywood
Zipcode:
33020
Street:
1940 Adams St, Hollywood, Florida 33020
Longitude:
W81° 51' 15.5''
Latitude:
N26° 0' 17.6''
MLS Addon
Building Area:
1,958 Sqft
Construction Materials:
Brick
Cumulative DOM:
366
DOM:
79
Exterior Features
Internet Address Display:
1
Internet Listing Display:
1
Lot Features
Parcel Number:
514215016420
Subdivision Name:
HOLLYWOOD
Tax Annual Amount:
$17,189
Utilities
Virtual Tour:
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Window Features:
Impact Glass, Blinds

Residential Income For Sale

1940 Adams St, Hollywood, Florida 33020, Hollywood, Florida 33020

1,798 Sqft
$885,000
MLS # #A12029788
Basic Details
Property Type :
Residential Income
Listing Type :
For Sale
Price :
$885,000
Square Footage :
1,798 Sqft
Year Built :
1954
MLS # :
A12029788
Property Sub Type :
Triplex
Agent info
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