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    3783 Coconut Rd Palm Springs, FL 33461

    Sponsored
    For Sale
    $1,195,000

    Six-unit complex, prime location, high rental income.

    Property size:
    5,544 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    Discover a lucrative investment opportunity in Palm Springs, Florida. This exceptional property, located at 3783 Coconut Road, 33461, consists of two well-maintained triplexes totaling six units, spanning 5,544 square feet. The property includes two 3-bedroom/2-bathroom units and four 2-bedroom/2-bathroom units, offering a diverse mix of rental options. Situated on a 0.95-acre lot, the complex benefits from a large communal yard and ample on-site parking. Each unit features spacious layouts, modern amenities, and abundant natural light, ensuring high occupancy rates and strong rental income potential. The property's prime location provides easy access to schools, shopping, dining, and major highways, enhancing its appeal to tenants. Built in 1978, the property has undergone updates to its interiors. Note that this property is subject to a Land Use Restriction Agreement and is only available for purchase by a 501(c) organization. The asking price is $1,195,000.

    Property Features for 3783 Coconut Rd

    General Information

    Property type
    Specialty properties
    Square Feet
    5,544 SF

    Building Details

    Year Built
    1978
    Units
    6

    HighLights

    • $1,195,000 asking price.
    • Special purpose property with 5,544 square feet.
    • Six units in two triplexes.
    • Built in 1978.
    • Located at 3783 Coconut Road, Palm Springs, FL 33461.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Springs
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0995289
    Latitude
    26.6210952

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    FAQs

    What type of property is this?
    Specialty property - Six-unit complex, prime location, high rental income.
    Where is this specialty property located?
    The property is located at 3783 Coconut Rd Palm Springs, FL.
    What is the asking price?
    The asking price for this property is $1,195,000.
    What are key features of this property?
    This property features: $1,195,000 asking price.; Special purpose property with 5,544 square feet.; Six units in two triplexes.
    Request Owner's contact information
    3783 Coconut Rd Palm Springs, FL 33461
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3783 Coconut Rd Palm Springs, FL 33461
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