3063 Floweva ST A new Save Request In-Person Tour Request Virtual Tour
Palm Springs,FL 33406
Key Details
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Active
Purchase Type For Sale
Square Footage 3,940 sqft
Price per Sqft $329
Subdivision Bryant Park
MLS Listing ID RX-11115439
Bedrooms 6
Full Baths 4
Year Built 1956
Annual Tax Amount $12,367
Tax Year 2024
Lot Size 0.460 Acres
Property Sub-Type Quad Plex
Short Sale No
Sub Type Quad Plex
Property Description
****6-unit multifamily property in South Florida.**** CITY WATER** NO SEPTIC!!!!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 annua
Location
State FL
County Palm Beach
Area 5490
Zoning RM(cit
Zoning RM(cit
Interior
Heating Central Individual
Cooling Central Individual
Flooring Laminate
Exterior
Exterior Feature None
Utilities Available None
Amenities Available None
Waterfront Description None
Roof Type Comp Shingle
Roof Comp Shingle
Construction Other
Building
Lot Description 1/4 to 1/2 Acre
Story 1.0
Foundation Other
Others
Acceptable Financing Cash,Conventional,Exchange
Listing Terms Cash,Conventional,Exchange
Virtual Tour https://www.propertypanorama.com/3063-Floweva-Street-A-Palm-Springs-FL-33406--RX-11115439/unbranded