3063 Floweva Street, Palm Springs, FL 33406

1956

YEAR BUILT

$1,300,000

LISTING PRICE

MultiFamily (5+ Units)

TYPE

MLS#: RX-11093866

Type of Building: Commercial and Resident. Multi-Fam.


For More Information Call:

561-283-4663

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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  • Acres0.46 acres
  • Annual Assoc/Condo Dues$6
  • Available DocumentsNone
  • Available InformationBooks & Records and Copies of Lease
  • Building Info: Number of Tenants6
  • Built DescriptionResale
  • CityPalm Springs
  • ConstructionCBS
  • CoolingCentral and Wall-Win A/C
  • CountyPalm Beach
  • DirectionsCongress to Floweva and go West to property
  • Fire ProtectionSmoke Alarm
  • FlooringCeramic Tile
  • For LeaseNo
  • For SaleYes
  • HeatingCentral and Window/Wall
  • LeaseAnnual, Gross Rent and Month to Month
  • Legal DescriptionBRYANT PARK E 100 FT OF LTS 12 & 13 BLK B
  • List Price$1,300,000
  • List Price/SqFt$329.95 / sqft
  • Listing DateMonday, May 26th, 2025
  • Listing IDRX-11093866
  • Listing Price$1,300,000
  • Listing StatusActive
  • LocationSubdivision
  • Monetary Info: Gross Operating Income$108,000
  • Monetary Info: Gross Scheduled Income$108,000
  • Monetary Info: Source of ExpensesOwner
  • Monetary Info: Total Expenses$24,307
  • Number of Meters6
  • Number of Stories1
  • Number of Toilets6
  • Percent Air Conditioned100%
  • PossessionAt Closing and Funding
  • Property DescriptionMULTI-UNIT (SIX)
  • Property TypeCommercial
  • Real Estate Taxes$12,367.70
  • RoofTar/Gravel
  • Sale IncludesNone
  • SqFt SourceTax Rolls
  • State/ProvinceFL
  • StatusActive
  • Status Change DateMonday, May 26th, 2025
  • Street NameFloweva
  • SubdivisionBryant Park
  • Tax Year2024
  • Tenant PaysCable and Electric
  • Terms ConsideredCash and Conventional
  • Total Building SqFt3,940 sqft
  • Total Units in Building6
  • TypeMultiFamily (5+ Units)
  • Type of BuildingCommercial and Resident. Multi-Fam.
  • Unit 1: Annual Rent$1,300
  • Unit 1: Full Baths1
  • Unit 1: Number of Units1
  • Unit 1: Rent PeriodMonth
  • Unit 1: Unit Description1 Bedroom
  • Unit 2: Annual Rent$1,300
  • Unit 2: Full Baths1
  • Unit 2: Number of Units1
  • Unit 2: Rent PeriodMonth
  • Unit 2: Unit Description1 Bedroom
  • Unit 3: Annual Rent$1,350
  • Unit 3: Full Baths1
  • Unit 3: Number of Units1
  • Unit 3: Rent PeriodWeek
  • Unit 3: Unit Description1 Bedroom
  • Unit 4: Annual Rent$1,750
  • Unit 4: Full Baths1
  • Unit 4: Number of Units1
  • Unit 4: Rent PeriodMonth
  • Unit 4: Unit Description2 Bedroom
  • Unit 5: Annual Rent$1,800
  • Unit 5: Full Baths1
  • Unit 5: Number of Units1
  • Unit 5: Rent PeriodMonth
  • Unit 5: Unit Description2 Bedroom
  • Unit 6: Annual Rent$1,500
  • Unit 6: Full Baths1
  • Unit 6: Number of Units1
  • Unit 6: Rent PeriodMonth
  • Unit 6: Unit Description3 Bedroom
  • Unit NumberA
  • UtilitiesPublic Sewer, Public Water and Separate Meter
  • Virtual TourYes
  • WaterfrontNo
  • Year Built1956
  • Zip Code33406
  • ZoningRM(cit

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