33406 Zip Code Multifamily Homes For Sale

****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 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.

Don't miss this rare opportunity to own a fully rented duplex with two excellent tenants already in place. Both units have been thoughtfully updated from the kitchens to the bathrooms and are in outstanding condition. The property offers plenty of open space for parking, the option to expand if desired, and split private backyards for added tenant privacy. Located in the heart of palm springs, this duplex is close to top restaurants, shops, and major highways—just 15 minutes to the beach and 15 minutes to wellington. Whether you're starting your investment portfolio or adding to your current one, this property provides strong income potential and long-term growth.

Welcome to your next investment opportunity in palm springs! Discover this beautifully updated duplex offering endless potential—perfect for investors, airbnb hosts, or homeowners looking to offset their mortgage. With no hoa and no rental restrictions, the possibilities are wide open! This spacious property sits on a large lot and features two separate units: • unit 1: 2 bedrooms, 1 bathroom • unit 2: 1 bedroom, 1 bathroom both units have been tastefully updated and are move-in or rent-ready. Located in an area served by a-rated schools, this property offers strong long-term rental potential and steady airbnb income proven revenue history included! Whether you're looking to house hack, generate passive income, or expand your rental portfolio, this is a turnkey opportunity.