1940 Adams Street,Hollywood, FL 33020
Hollywood, FL 33020
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.
Details
| MLS # | A12029788 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1954 |
| Days On Site | 92 |
| Listing Provided By | Redfin Corporation | Natacha Bednarczyk |
Features
| SQ Feet | 1,798 |
|---|---|
| Story(s) | 2 |
| Units | 3 |
| Zoning | PS-2 |
Exterior
| Lot Features | Interior Lot |
|---|
Taxes
| Tax Annual Amount | 17189 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | HWCE Hollywood Central (3070 3100) |
| Community Name | HOLLYWOOD |
| Listing VS Median (in HOLLYWOOD) | |
Price: $885,000 low | high Med: $2,775 sqft: 1,798 low | high Med: 1,325 $ / sqft: $492 low | high Med: $2 On site: 92 low | high Med: 77 | |
Market Activity 33020
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Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Hollywood |
| Zip Code | 33020 |
| Area | 3050 |
| Subarea | HWCE Hollywood Central (3070 3100) |
| Community Name | HOLLYWOOD |
| Listing VS Median (in HOLLYWOOD) | |
Price: $885,000 low | high Med: $2,775 sqft: 1,798 low | high Med: 1,325 $ / sqft: $492 low | high Med: $2 On site: 92 low | high Med: 77 | |
