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Listed by The Keyes Company

$1,300,000

Est. payment - /mo

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6 Baths

3,940 SqFt

New

3063 Floweva ST A Palm Springs, FL 33406

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Autumn Hoffmann

autumnsellsparadise@gmail.com +1(239) 850-9070

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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

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Autumn Hoffmann

Agent | License ID: SL3341539

+1(239) 850-9070

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3063 Floweva ST A Palm Springs, FL 33406

Autumn Hoffmann

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3063 Floweva ST A