3063 Floweva Street #A, Palm Springs, FL 33406
Local realty services provided by:Reliant Realty ERA Powered
Listed by: michael johnston, maby cuevas
Office: the keyes company
MLS#:R11115439
Source:RMLS
Price summary
- Price:$1,300,000
- Price per sq. ft.:$290.7
About this home
****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
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Home facts
- Year built:1956
- Listing ID #:R11115439
- Added:92 day(s) ago
- Updated:November 14, 2025 at 10:51 PM
Rooms and interior
- Living area:3,940 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central, Electric
Structure and exterior
- Roof:Composition, Shingle
- Year built:1956
- Building area:3,940 sq. ft.
- Lot area:0.46 Acres
Finances and disclosures
- Price:$1,300,000
- Price per sq. ft.:$290.7
- Tax amount:$12,368 (2024)
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