3063 Floweva Street, Palm Springs, FL, 33406
3063 Floweva Street, Palm Springs, FL, 33406Basics
- Listing updated: May 27, 2025 at 12:34 pm
- Days on Сomwire: 12
- Year built: 1956
- Status: Active
- Price per sqft: $329.95
- Date added: May 26, 2025 at 6:36 pm
- Building size (SF): 3940.00 sq ft
- Acres: 0.46 sq ft
- For Sale: Yes
- For Lease: No
- Listing Office Name: The Keyes Company
Description
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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
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Location
- County: Palm Beach
- Subdivision: BRYANT PARK
- State: FL
- City / Department: Palm Springs
- Legal Description: BRYANT PARK E 100 FT OF LTS 12 & 13 BLK B
- Zoning: RM(cit
- Land Use: Income
- Parcel ID: 70434407010020121
- Utilities: Public Sewer, Public Water, Separate Meter
Building Details
- Type: MultiFamily (5+ Units)
- Building Type: Commercial, Resident. Multi-Fam.
- Heating: Central, Window/Wall
- Construction: CBS
- Floor covering: Ceramic Tile
- Roof: Tar/Gravel
- Real Estate Taxes: $12,367.70
- Tax Year: 2024
- Cooling: Central,Wall-Win A/C
- Docs Available: None
- Info Available: Books & Records,Copies of Lease
Additional Info
- Listing Agent: Michael J Johnston
- Listing Agent Phone: (561) 577-0398
- Listing Office: The Keyes Company
- MLS ID: RX-11093866
- MLS Source: Realtor Association of the Palm Beaches (RAPB)