1. Florida
2. Palm Springs
3. 3063 Floweva Street A

3063 Floweva Street A, Palm Springs, FL 33406

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

Listing Status:

Active

Date Added:

May 26, 2025 at 05:00AM

Listing Office:

The Keyes Company : (561) 220-0550

Listing Agent:

Michael Johnston : (561) 577-0398

MLS ID:

R11093866

Interior

• Flooring: Ceramic Tile
• A/C: Central AirWall/Window Unit(s)
• Heating: CentralWall Furnace

Construction

Location

Lot

Utilities

Financial

This listing courtesy of Michael Johnston, The Keyes Company