3063 Floweva Street A, Palm Springs, FL 33406

$1,300,000

Virtual Tour

https://www.propertypanorama.com/3063-Floweva-Street-A-Palm-Springs-FL-33406/unbranded

Property Type: Commercial Sale Square Footage: 3,940 Status: Active

Current Price: $1,300,000 List Date: 5/26/2025 Last Modified: 4/09/2026

Overview

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

Supplements: 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/mo ... (Read more)

Listing Details MLS# R11093866

General Property Information

Property Sub Type: Multi Family
Number Of Units Total: 6
Building Area Main: 3940
Building Area Source: Public Records
Year Built: 1956
Lot Size Area: 20037.6
Lot Size Acres: 0.46
Stories: Yes

Property Features

Business Type: Commercial Documents Available: Books & Records; Copy Of Lease(s) Electric: Separate Meters Flooring: Ceramic Tile Heating: Central; Window/Wall Location of Property: Subdivision Possession: Close Of Escrow; Negotiable Property Condition: Resale Source Of Expenses: Owner Provided Tenant Pays: Cable TV; Electricity Construction Materials: CBS Cooling: Central Air; Wall/Window Unit(s) Listing Terms: Cash; Conventional Roof: Tar/Gravel Security Features: Fire Alarm Sewer: Public Sewer Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Occupied

Contract Information

Comp Sale YN: No
Original List Price: 1300000
Negotiable Seller Concessions YN: Yes

Location and Legal

Country: United States
County Or Parish: Palm Beach
County Parish Name: Palm Beach
Street Number: 3063
Street Name: Floweva
Street Suffix: Street
Unit Number: A
City Name: Palm Springs
State Or Province: FL
Postal Code: 33406
Area: 5490
Geographic Area: PB21
Parcel Number: 70434407010020121
Zoning: RM(cit
Directions: Congress to Floweva and go West to property
Property Description: MULTI-UNIT (SIX)

Financial Information

Association Fee: 6
Association Fee Frequency: Annually
Tax Annual Amount: 12367.7
Tax Year: 2024
Tax Legal Description: BRYANT PARK E 100 FT OF LTS 12 & 13 BLK B

Status Change Information

Major Change Timestamp: 2025-05-26T22:26:08Z
Major Change Type: New Listing
Status Change Date: 2025-05-26

More Information

Building and Property Details

# Of Tenants: 6
# Of Toilets: 6
% Air Conditioned: 100
Maximum Ceiling Height: 8

Meter Information

Number Of Meters Total: 6

Income and Expenses

Gross Income: 108000
Gross Scheduled Income: 108000
Operating Expense: 24307

Description of Unit Type 1

Unit Type: 1 Bedroom
Units Total: Yes
Full Baths: Yes
Annual Rent: 1300

Description of Unit Type 2

Unit Type: 1 Bedroom
Units Total: Yes
Full Baths: Yes
Annual Rent: 1300

Description of Unit Type 3

Unit Type: 1 Bedroom
Units Total: Yes
Full Baths: Yes
Annual Rent: 1350

Description of Unit Type 4

Unit Type: 2 Bedroom
Units Total: Yes
Full Baths: Yes
Annual Rent: 1750

Description of Unit Type 5

Unit Type: 2 Bedroom
Units Total: Yes
Full Baths: Yes
Annual Rent: 1800

Description of Unit Type 6

Unit Type: 3 Bedroom
Units Total: Yes
Full Baths: Yes
Annual Rent: 1500

Price Calculations

Current Price To SqFt: 329.94

Originating Details

Originating System Key: 20250526220420114717000000
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Electric

Separate Meters: Yes

Flooring

Ceramic Tile: Yes

Property Condition

Resale: Yes

Documents Available

Books & Records: Yes
Copy Of Lease(s): Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Location of Property

Subdivision: Yes

Possession

Close Of Escrow: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Business Type

Commercial: Yes

Heating

Central: Yes
Window/Wall: Yes

Construction Materials

CBS: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Roof

Tar/Gravel: Yes

Security Features

Fire Alarm: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Central Air: Yes
Wall/Window Unit(s): Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
Occupied: Yes

Documents

Income Statement ›

Rent Roll ›

Listing Office: The Keyes Company

Last Updated: April - 09 - 2026

Broker Attribution: 561-577-0398

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3063 Floweva Street A, Palm Springs, FL 33406 (MLS# R11093866)