Triplex in 1940 Adams Street, Hollywood, FL 33020 for sale with MLS# A12029788
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.
1940 Adams Street, Hollywood, FL 33020
- Price:
- $885,000.00
- Original List Price:
- $899,900.00
- List Price per Sq Ft (Calculated, Approx.):
- $492.21
- Listing Type:
- For Sale
- Status:
- Active Under Contract (An offer has been accepted, considering Backup Offers)
- Contingency:
- Active Under Contract
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Triplex
- Description of Last Important Update:
- Status Change
- Last Major Update on:
- September 10, 2026 4:17 pm
- Living Area:
- 1,798 Sqft
- Built-Up Area:
- 1,958 Sqft
- Lot Features:
- Interior Lot
- Waterfront:
- No
- Exterior:
- Lighting
- Air Conditioning
- Air Conditioning System:
- Central Air, Wall/window Unit(s), Electric
- Heating
- Heating System:
- Central, Electric, Separate Meters
- Fence:
- Fenced
- Storm Protection Impact Glass:
- Partial
- Year Built:
- 1954
- Roof:
- Flat
- Number of Units Total:
- 3
- Levels:
- Two
- Construction Materials:
- Brick
- Number of stories:
- 2
- Number of Units in the Community or Building:
- 3
- Flood Zone Code:
- X
- Property Condition:
- Resale, Updated/remodeled
- Tax Annual Amount:
- $17,189.00
- Tax Year:
- 2025
- Property Tax Details:
- City/County, Tax Reflects No Exemptions
- Sewer:
- Public Sewer
- Utilities Available:
- Cable Available
- Subdivision Name:
- HOLLYWOOD
- Senior Community:
- No
- Documents Available:
- Rent Rolls
- Listing Terms Considered by Seller:
- Cash, Conventional, FHA, VA Loan
- Buyer Possession:
- Negotiable, Close Of Escrow
- Tax Legal Description:
- HOLLYWOOD 1-21 B LOT 26 BLK 32
- Real Estate Folio Number (Parcel Number):
- 514215016420
- Zoning:
- PS-2
- Elementary School:
- Dr. Phillips Elem
- High School:
- South Broward
- Middle Or Junior School:
- Olsen
- Active on the market since:
- June 9, 2026
- Listing Agreement executed on:
- June 9, 2026
- Purchase Contract Date:
- August 30, 2026
- Price change occurred on:
- July 20, 2026 6:58 pm
- Listing Status Last Changed On:
- September 10, 2026 4:17 pm
- Photos updated on:
- September 10, 2026 4:22 pm
- Last Modified:
- September 10, 2026 4:29 pm
- Courtesy of:
- Redfin Corporation
- Attribution:
- Not provided
- Street Name:
- Adams
- Street Number:
- 1940
- City:
- Hollywood
- State:
- Florida
- Zip Code:
- 33020
- County:
- Broward
- Latitude:
- N26° 0' 16.9''
- Longitude:
- W81° 51' 13.7''
- Street Suffix:
- Street
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
Ver la propiedad 1940 Adams Street, Hollywood, FL 33020
