3063 Floweva Street, #A, Palm Springs, FL, 33406
1956
3,940 sqft
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
Status:
Active
Type:
Commercial
Units:
6
Zoning:
RM(cit
Complex:
BRYANT PARK
Building Type:
Commercial,Resident. Multi-Fam.
Heating:
Central, Window/Wall
Cooling:
Central, Wall-Win A/C
Levels:
1.0
Acreage:
0.46
Est. Taxes:
$12,368
Current Use
Income
Construction
CBS
Utilities
Public Sewer,Public Water,Separate Meter
Lease Term Type:
Annual,Gross Rent,Month to Month
Owner Pays:
Cable,Electric
MLS #:
RX-11093866
Community Info
School Info
Walk Score
Yelp
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