| 3063..Floweva Palm Springs, FL 33406 |
| Listed Date YYYY/MM/DD:2025-08-13 | ID: 18011115439 |
| Price: $1,300,000 | County: Palm Beach |
| Approximate Lot Size: 20032.00 |
| Area: 5490 | Square Footage: 3940.00 |
| Property Tax: $12,368.00 |
| Sewer Description: | Zoning Information:RM(cit |
| Folio Number: 70434407010020121 |
| Number of Units: | Year Built: 1956 |
| Number of Parking Spaces: |
| Lot Description: |
| Year Built Description: Resale | Gross Rent Income: $ |
| Net Operating Income: $ | Number of Stories: 1.0 |
| Tax Year: 2024 | Tax Information: |
| Legal Description: BRYANT PARK E 100 FT OF LTS 12 & 13 BLK B |
| ****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 |
