Palm Springs, FL Real Estate For Sale

5 unit building. Solid cbs. One unit is a 3 bedroom, 2 bath and the other four are 2 bedroom, 2 bath. Tile floors. Central a/c. Larger private property.

****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.

Income-producing duplex offering solid rental potential on a large lot.

Rare opportunity to own a large 5.84 acre parcel of undeveloped land in west palm beach, florida located just off forest hill blvd and congress ave. Priced at $6, 250, 000 (approx. $1, 070, 205 an acre). The zoning classification is residential multi-family (rm). The property is designated with medium-density residential land use which allows up to 10 du/acres, for a maximum of 58 residential dwelling units. The property is landlocked with a deeded undeveloped access easement off lone pine way that must be completed for development. I-95 is only 1 mile away, palm beach international airport and vibrant downtown west palm beach less than 6 miles away. Just minutes from major grocery stores, hospitals, top-rated golf courses, and more!