Duplex With Impact
1928 Adams Street Hollywood, FL 33020
1928 Adams Street, Hollywood, FL, 33020
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For Sale
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Two 2-bedroom, 1-bath units with impact windows, newer mechanicals, and shared yard laundry connections.
Property Size1,755 SF
Price / SF$321.94
Days on Market194
Property Features for 1928 Adams Street
General Information
- Standard status
- Active
- Size
- 1,755 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1951
Listing Agency
Skye Louis Realty Inc
(954) 461-8572
Listed by
lauren Laski · License #3398531
Source
Crexi
Added: Jan 3 Checked: Jul 15 at 9:06 pm
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Skye Louis Realty Inc
Investment Insights
Based on property information with market context.
This duplex offers two separate 2-bedroom, 1-bath units. The front unit features laminate flooring throughout, while the back unit has tile flooring throughout. Updates include impact windows and doors throughout, newer appliances, one year-old air conditioning, and newer gas water heaters in both units. Washer and dryer connections are located in the yard, supporting convenient on-site laundry setups.
The property is located about 6/10 of a mile from Downtown Hollywood and Young Circle Park, and approximately 1 mile to the beach. Off-street parking is provided with four parking spots located in the back alley, and the property line extends to the street.
The layout can fit a range of uses, including a primary residence with a second unit, a long-term rental setup, or a short-term rental strategy as described in the remarks. With separate unit configurations and practical in-home mechanical upgrades, the building supports buyers and operators seeking a manageable duplex with straightforward maintenance considerations and flexible living arrangements.
The property is located about 6/10 of a mile from Downtown Hollywood and Young Circle Park, and approximately 1 mile to the beach. Off-street parking is provided with four parking spots located in the back alley, and the property line extends to the street.
The layout can fit a range of uses, including a primary residence with a second unit, a long-term rental setup, or a short-term rental strategy as described in the remarks. With separate unit configurations and practical in-home mechanical upgrades, the building supports buyers and operators seeking a manageable duplex with straightforward maintenance considerations and flexible living arrangements.
Key Highlights
- Built in 1951: a duplex with two 2‑bedroom, 1‑bath units
- Impact windows and doors throughout
- Newer appliances plus one‑year‑old A/C and newer gas water heaters in both units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $47.4k | $27.00 |
| − Vacancy | −$2.5k | −$1.40 |
| EGI | $44.9k | $25.60 |
| − OpEx | −$13.5k | −$7.68 |
| NOI | $31.4k | $17.92 |
1,755 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$449.2K
$393.1K – $524.1K
NOI $31,445 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$417.9K
$365.7K – $487.5K
NOI $29,252 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$686.6K
$600.7K – $801.0K
NOI $48,059 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units with impact windows, newer mechanicals, and shared yard laundry connections.
Where is this duplex located?
The property is located at 1928 Adams Street Hollywood, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Built in 1951: a duplex with two 2‑bedroom, 1‑bath units; Impact windows and doors throughout; Newer appliances plus one‑year‑old A/C and newer gas water heaters in both units
