- MLS® #: R11093866
- 3063 Floweva Street #a
- Palm Springs, FL 33406
- $1,300,000
- 6 Bath, 0.46 Acres
- Commercial Sale
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 Lease 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.
Essential Information
- MLS® #R11093866
- Price$1,300,000
- Bathrooms6.00
- Acres0.46
- Year Built1956
- TypeCommercial Sale
- Sub-TypeMulti Family
- StatusActive
Community Information
- Address3063 Floweva Street #a
- Area5490
- CityPalm Springs
- CountyPalm Beach
- StateFL
- Zip Code33406
Interior
- HeatingCentral, Window/Wall
Cooling
Central Air, Wall/Window Unit(s)
Exterior
- RoofTar/Gravel
- ConstructionCBS
Additional Information
- Date ListedMay 26th, 2025
- Days on Website302
- ZoningRM(cit
- HOA Fees6
- HOA Fees Freq.Annually
- Contact Info561-577-0398
- Office: The Keyes Company
Property Location
3063 Floweva Street #a on www.jupiterabacoahomes.uswww.jupiterabacoahomes.us
Offered at the current list price of $1,300,000, this home for sale at 3063 Floweva Street #a features bedrooms and 6 bathrooms. This real estate listing is located in of Palm Springs, FL 33406 . 3063 Floweva Street #a is listed under the MLS ID of R11093866 and has been available through www.jupiterabacoahomes.uswww.jupiterabacoahomes.us for the Palm Springs real estate market for 302 days.Similar Listings to 3063 Floweva Street #a
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Listing information last updated on April 1st, 2026 at 8:17pm CDT.