1940 Adams St, Hollywood, FL 33020

About This Home

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

Heating

Central, Electric

Cooling

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

Architectural Style

Attached

Property Condition

Substantially Remodeled

Building & Association

Building Name

HOLLYWOOD

Stories

2

Stories Total

2

Association

No

Lot & Construction

Lot Features

Less Than 1/4 Acre Lot, Interior Lot

Lot Size Square Feet

0

Waterfront

No

View

No

Construction Materials

Brick

Roof

Flat Roof With Facade Front

Exterior Features

Exterior Lights

New Construction

No

Public Records

Parcel Number

514215016420

Tax Annual Amount

$17,189

Tax Year

2,025

Zoning

PS-2

County Or Parish

Broward County

Location