Investor Alert! Prime location just 5 blocks from Downtown Hollywood's Young Circle and 5 minutes to the beach. Triplex includes two 1BD/1BA units upstairs and a spacious 2BD/2BA unit on the first floor. Property is partially furnished and features porcelain tile floors, European-style kitchens, and stainless steel appliances. Zoned for short-term rentals—ideal for Airbnb or seasonal income. First-floor unit can be converted into two 1BD/1BA units, generating up to $21K in additional annual income. Rents are currently below market, creating strong upside potential. Lot allows for up to 10 units—excellent redevelopment opportunity. Live in one and rent the rest, or maximize income as a short-term rental portfolio.
Listed by Patricia Sardinas
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License #3544623
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Random Penguin Capital Realty LLC
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980-875-7413
Last updated July 22, 2025
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Source: MIAMIRE #A11845292
Listing Facts
TypeMulti-family
NeighborhoodParkside
Days on Prevu47
Taxes$16,208/year
Amenities
Pets Allowed
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
07/22/2025
Listed by Random Penguin Capital Realty LLC
$950,000
Property Details for 1940 Adams St
Association
General
Number Of Units In Community: 3
Exterior
Construction
Number Of Units Total: 3
Roof: Flat Roof With Facade Front
Stories: 2
Stories Total: 2
Structure Type: Triplex
Year Built: 1954
Year Built Details: Resale
Architectural Style: Detached
Building Name: HOLLYWOOD
Construction Materials: Frame With Stucco
Measurements
Building Area Units: Square Feet
Lot Features: Less Than 1/4 Acre Lot
Lot Size Units: Square Feet
Financial
Taxes
Parcel Number: 514215016420
Tax Annual Amount: $16,208.00
Tax Year: 2024
Interior
Measurements
Living Area Units: Square Feet
Other
Location
Subdivision Name: HOLLYWOOD
Parking
Parking
Parking Total: 6
Utilities
Equipment
Cooling: Ceiling Fan(s), Central Air, Wall/Window Unit(s)
Has Cooling: Yes
Heating: Central, Window/Wall
Has Heating: Yes
Sewer: Public Sewer
Based on information from Miami Association of REALTORS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.