- MLS® #: RX-11115439
- 3063 Floweva St #a
- Palm Springs, FL 33406
- $1,300,000
- 6 Beds, 4 Bath, 4,472 SqFt
- Multi-Unit
****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 annuaLease terms and current rents: Unit A (1 bed/1 bath): $1,300/month - lease through 6/30/2025 (vacant in June) Unit B (1 bed/1 bath cottage): $1,300/month - lease through 9/30/2025 Unit D (1 bed/1 bath): $1,350/month - lease through 6/30/2025 Unit 3075 (2 bed/1 bath): $1,750/month - lease through 6/30/2025 Unit 3077 (2 bed/1 bath): $1,800/month - lease through 2/28/2026 Unit C (3 bed/1 bath): $1,500/month - lease through 6/30/2025 All leases transitioning to month-to-month at expiration for added flexibility. Two on-site laundry machines are available for tenant use, generating additional passive income via refillable laundry card systemsno coin collection required. Property is in overall good condition with no major deferred maintenance. At the current income level, the property operates at a cap rate of approximately 5.3%. Based on market rents, the pro forma cap rate increases to approximately 6.9%+. This is an excellent opportunity to acquire a stabilized income-producing asset with immediate upside potential in a highly desirable rental market. Offered at $1,300,000 ($216,667 per unit). Income statement and rent role attached in MLS.
View Virtual TourEssential Information
- MLS® #RX-11115439
- Price$1,300,000
- Bedrooms6
- Bathrooms4.00
- Full Baths4
- Square Footage4,472
- Year Built1956
- TypeMulti-Unit
- Sub-TypeQuad Plex
- StyleNo
- StatusActive
Community Information
- Address3063 Floweva St #a
- Area5490
- SubdivisionBRYANT PARK
- CityPalm Springs
- CountyPalm Beach
- StateFL
- Zip Code33406
Amenities
- UtilitiesNone
- WaterfrontNone
Interior
- HeatingCentral Individual
- CoolingCentral Individual
- # of Stories1
Exterior
- Exterior FeaturesNone
- Lot Description1/4 to 1/2 Acre
- RoofComp Shingle
- ConstructionOther
Additional Information
- Date ListedAugust 13th, 2025
- Days on Website17
- ZoningRM(cit
- Contact Info561-577-0398
- Office: The Keyes Company
Property Location
3063 Floweva St #a on www.jupiterabacoahomes.us
Offered at the current list price of $1,300,000, this home for sale at 3063 Floweva St #a features 6 bedrooms and 4 bathrooms. This real estate listing is located in BRYANT PARK of Palm Springs, FL 33406 and is approximately 4,472 square feet. 3063 Floweva St #a is listed under the MLS ID of RX-11115439 and has been available through www.jupiterabacoahomes.us for the Palm Springs real estate market for 17 days.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2025 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed.
© 2025 Beaches Multiple Listing Service, Inc. All rights reserved.
Listing information last updated on August 31st, 2025 at 2:30am CDT.