1940 Adams ST, Hollywood, FL 33020
1940 Adams ST, Hollywood, FL 33020
1940 Adams ST, Hollywood, FL 33020
1940 Adams ST, Hollywood, FL 33020
1940 Adams ST, Hollywood, FL 33020
1940 Adams ST, Hollywood, FL 33020
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Spencer Bailey

Spencer Bailey

+1(507) 951-2934
$ 899,900
Est. payment | /mo

1,798 SqFt

Save
$ 899,900
Est. payment | /mo
Save

1,798 SqFt

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,798 sqft

Price per Sqft $500

Subdivision Hollywood

MLS Listing ID A12029788

Construction Status Resale,Updated/Remodeled

HOA Y/N No

Total Fin. Sqft 1798

Year Built 1954

Annual Tax Amount $17,189

Tax Year 2025

Property Sub-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.

Location

State FL

County Broward

Area 3050

Zoning PS-2

Interior

Interior Features InteriorFeatures

Heating Central, Electric, Separate Meters

Cooling Central Air, Electric, Wall/Window Unit(s)

Fireplace No

Exterior

Exterior Feature Lighting

Fence Fenced

Utilities Available Cable Available

Roof Type Flat

Total Parking Spaces 6

Private Pool No

Building

Lot Description Interior Lot

Story 2

Sewer Public Sewer

Structure Type Brick

New Construction No

Construction Status Resale,Updated/Remodeled

Schools

Elementary Schools Hollywood Central

Middle Schools Olsen

High Schools South Broward

Others

Tax ID 514215016420

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

BeachesMLS, Inc. (FLR) IDX
Listed by Natacha Bednarczyk Redfin Corporation

Schools and Properties Nearby

Spencer Bailey

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(507) 951-2934

spencer.bailey507@gmail.com

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1940 Adams ST