Income Duplex with Development
1947 Adams Street Unit 1-2 Hollywood, FL 33020
For Sale
$535,000
Turnkey duplex with active Airbnb license and zoning allowing up to 10 units and five stories.
Property Size1,021 SF
Price / SF$523
Days on Market28
Property Features for 1947 Adams Street Unit 1-2
General Information
- Standard status
- Active
- Size
- 1,021 SF
- Property subtype
- Duplex
Building Details
- Year Built
- 1925
Listing Agency:
Compass Florida, LLC
(954) 673-2842
Listed By:
Ann E McQueen · License #R11153657
(954) 673-2842
Source:
Lehmannflorida
Added: Jun 27
Changed: Jul 24
Last Checked: Jul 24 at 3:56AM
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 Compass Florida, LLC
Investment Insights
Based on property information with market context.
This income-producing duplex is offered as a turnkey investment, currently operating with an active Airbnb license. The property is configured as a two-unit setup and is presented for immediate rental income.
The duplex is located in Downtown Hollywood and is described as being steps from restaurants, shopping, and entertainment. It is also noted to be only 10 minutes from the beach.
In addition to the existing rental use, the property sits on a lot with zoning that allows up to 10 units and five stories, supporting potential future development planning.
The duplex is located in Downtown Hollywood and is described as being steps from restaurants, shopping, and entertainment. It is also noted to be only 10 minutes from the beach.
In addition to the existing rental use, the property sits on a lot with zoning that allows up to 10 units and five stories, supporting potential future development planning.
Key Highlights
- 1925‑built duplex with income‑producing unit setup
- Active Airbnb license with immediate rental income
- Zoning allows up to 10 units and 5 stories
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 | $27.6k | $27.00 |
| − Vacancy | −$1.4k | −$1.40 |
| EGI | $26.1k | $25.60 |
| − OpEx | −$7.8k | −$7.68 |
| NOI | $18.3k | $17.92 |
1,021 SF · lease $27.00/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$261.3K
$228.7K – $304.9K
NOI $18,293 @ 7.0% cap · market cap 3.42%
Second Best
Apartment 5plus
$243.1K
$212.7K – $283.6K
NOI $17,018 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$399.4K
$349.5K – $466.0K
NOI $27,959 @ 7.0% cap · market cap 5.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex with active Airbnb license and zoning allowing up to 10 units and five stories.
Where is this duplex located?
The property is located at 1947 Adams Street Unit 1-2 Hollywood, FL.
What is the asking price?
The asking price for this property is $535,000.
What are key features of this property?
This property features: 1925‑built duplex with income‑producing unit setup; Active Airbnb license with immediate rental income; Zoning allows up to 10 units and 5 stories
