3063 Floweva ST A new Save Request In-Person Tour Request Virtual Tour
Palm Springs,FL 33406
Key Details
Property Type Commercial
Sub Type MultiFamily (5+ Units)
Listing Status Active
Purchase Type For Sale
Square Footage 3,940 sqft
Price per Sqft $329
Subdivision Bryant Park
MLS Listing ID RX-11093866
Construction Status Resale
Year Built 1956
Annual Tax Amount $12,367
Tax Year 2024
Lot Size 0.460 Acres
Property Sub-Type MultiFamily (5+ Units)
Property Description
Excellent opportunity to acquire a well-maintained 6-unit multifamily property in South Florida. The property consists of three separate buildings on one parcel: Front triplex with two 1 bed/1 bath units and one 3 bed/1 bath unit. Rear duplex with two 2 bed/1 bath units, and standalone 1 bed/1 bath cottage. Some units feature private fenced backyards, enhancing tenant appeal and retention. One of the 1 bed/1 bath units will be delivered vacant in June, allowing for immediate rental upside. Each unit has electric meter. Current gross rents $9,000/month or $108,000/year. Rents significantly below market, providing a strong value-add. Market rent estimates: 1 bed units $1,600-$1,750, 2 bed units $1,900-$2,000, and 3 bed units $2,400+. Pro forma gross income is approximately $133,200 annual
Location
State FL
County Palm Beach
Area 5490
Zoning RM(cit
Interior
Heating Central,Window/Wall
Cooling Central,Wall-Win A/C
Flooring Ceramic Tile
Fireplaces Type Smoke Alarm
Exterior
Garage Spaces 6.0
Utilities Available Public Sewer,Public Water,Separate Meter
Roof Type Tar/Gravel
Building
Story 100.00
Foundation CBS
Construction Status Resale
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Financing Cash,Conventional
Virtual Tour https://www.propertypanorama.com/3063-Floweva-Street-A-Palm-Springs-FL-33406/unbranded