3063 Floweva Street A, Palm Springs, Florida 33406
Listed By The Keyes Company
The Commercial Property for Sale located at Palm Springs, Florida 33406 is currently for sale. Palm Springs, Florida 33406 is listed for $1,300,000. This property has 6 bathrooms features. If the property located at Palm Springs, Florida 33406 isn't what you're looking for, visit https://www.beresfordrealtygroup.com to see other Commercial Properties for Sale in Palm Springs .
Date Updated : May 27, 2025
MLS#: RX-11093866
$1,300,000 USD
- Total rooms6
- Minimum sellable space
366 m² (3,940 ft²)
Property features
Construction details
- Year built: 1956
- Roofing: Tar And Gravel
Other features
- Cooling system: Central
- Heating system: Wall Or Window Units Central
Area
- Property size:
366 m² (3,940 ft²) - Land/Lot size:
1,862 m² (0.46 ac) - Bathrooms: 6
- Total rooms: 6
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
Listing Contact: 561-577-0398
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