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Wade M. Berlin

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  4. 3063 Floweva Street A, Palm Springs, FL 33406
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3063 Floweva Street A
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PRICED AT ONLY: $1,300,000

Address: 3063 Floweva Street A, Palm Springs, FL 33406

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

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  • MLS#: RX-11093866 ( MultiFamily (5+ Units) )
  • Street Address: 3063 Floweva Street A
  • Viewed: 10
  • Price: $1,300,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 0
  • Days On Market: 74

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
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Features
Building and Construction
  • Absolute Longitude: 80.089217
  • Construction: CBS
  • Flooring: Ceramic Tile
  • Roof: Tar/Gravel
  • Sqft Source: Tax Rolls
  • Total Building Sqft: 3940.00
  • Type Of Building: Commercial, Resident. Multi-Fam.
Property Information
  • Property Condition: Resale
  • Property Desc: MULTI-UNIT (SIX)
  • Property Group Id: 19990816212135227274000000
Utilities
  • Air Conditioned: 100.00
  • Cooling: Central, Wall-Win A/C
  • Fire Protect: Smoke Alarm
  • Heating: Central, Window/Wall
  • Number Of Meters: 6.00
  • Num Of Stories: 1.0
  • Utilities: Public Sewer, Public Water, Separate Meter
Finance and Tax Information
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Cable, Electric
Other Features
  • Annual Association / Condo Dues: 6.00
  • Avail Docs: None
  • Avail Info: Books & Records, Copies of Lease
  • Country: United States
  • Legal Desc: BRYANT PARK E 100 FT OF LTS 12 & 13 BLK B
  • Location: Subdivision
  • Parcel Id: 70434407010020121
  • Possession: At Closing, Funding
  • Sale Includes: None
  • Use: Income
  • Views: 10
  • Zoning: RM(cit
Nearby Subdivisions
Bryant Park   Meadow Park   Palm Acres Tr 4  
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Details for 2841 Forest Hill Boulevard, Palm Springs, FL 33406
$1,500,000.00

2841 Forest Hill Boulevard Virtual Tour More Like This

  1. Request Information
  1. MLSID: RX-11091794
  2. Provided by P.O.P. Realty Group, Inc.
  3. Contact Carlos Sevilla
  4. (561) 890-3579
  5. Provided through
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Contact Info

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Wade M. Berlin

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