3063 Floweva Street A, West Palm Beach, FL 33406 (MLS# B26022317)

3063 Floweva Street A, West Palm Beach, FL 33406

$1,000,000
Property Type: Commercial Sale Square Footage: 3,940 Status: Active
Current Price: $1,000,000 List Date: 4/30/2026 Last Modified: 11/13/2026

Overview

Description

Excellent opportunity to acquire a fully occupied 6-unit multifamily investment property in South Florida, offered at $1,125,000 ($187,500 per unit). Situated on a 0.46-acre parcel, the property consists of three separate buildings: a front triplex (two 1BR/1BA and one 3BR/1BA), a rear duplex (two 2BR/1BA), and a standalone 1BR/1BA cottage. Each unit has its own electric meter, and several feature private fenced backyards. Two on-site laundry machines provide additional income. CURRENT RENTAL INCOME: $9,200/month or $110,400 annually, with 100% occupancy. Current Rent Roll: Unit A (1BR/1BA): $1,450 - Lease expires 9/30/2027 Unit B (1BR/1BA): $1,300 - Month-to-month Unit C (3BR/1BA): $1,500 - Month-to-month Unit D (1BR/1BA): $1,350 - Month-to-month Unit 3075 (2BR/1BA): $1,800 Newly Rented

Supplements: Pro forma gross income is approximately $133,200 annually. VALUE-ADD OPPORTUNITY: Three existing month-to-month tenants provide potential for future rental increases. Estimated market rents: 1BR $1,600-$1,750, 2BR $1,900-$2,000, and 3BR $2,500+, subject to market verification. Well-maintained property with strong existing income and potential for a ...

Listing Details MLS# B26022317

General Property Information

Property Sub Type
Multi Family
Number Of Units Total
6
Building Area Main
3940
Building Area Source
Public Records
Adjusted Area Main
2130
Year Built
1956
Parking Total
10
Lot Size Area
20032
Lot Size Acres
0.46
Accessibility Features YN
No
Stories Total
Yes
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 Parking Features: Common Possession: Close Of Escrow; Negotiable Property Condition: Resale Special Listing Conditions: Standard Source Of Expenses: Owner Provided Tenant Pays: Cable TV Construction Materials: CBS Cooling: Central Air; Wall/Window Unit(s) Listing Terms: Cash; Conventional Roof: Tar/Gravel Security Features: Fire Alarm Sewer: Public Sewer Utilities: Cable Available Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Occupied Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
115000
Negotiable Seller Concessions YN
Yes
Listing Service
Full Service

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
Municipality Type
Incorporated
State Or Province
FL
Postal Code
33406
Postal Code +4
6683
Area
5490
Geographic Area
PB21
Parcel Number
70434407010020121
Subdivision Number
Yes
Zoning
RM (city)
Flood Zone
AE,X
Property Description
MULTI-FAMILY LESS THAN 10

Financial Information

Association Fee Frequency
Annually
Tax Annual Amount
13183.27
Tax Year
2025
Tax Legal Description
BRYANT PARK E 100 FT OF LTS 12 & 13 BLK B
Assessor Market Value
670470

Status Change Information

Major Change Timestamp
2026-11-13T20:56:00Z
Major Change Type
Price Reduced
Price Change Timestamp
2026-11-13T20:56:00Z
Status Change Date
2026-04-30

More Information

Building and Property Details

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

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
6
Separate Gas Meters YN
No
Separate Water Meters YN
No
Number Of Meters Total
6

Other Area Details

Living Area Other Structures
360
Building Area Other Structures
472
Adjusted Area Other Structures
400

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
1350

Description of Unit Type 3

Unit Type
1 Bedroom
Units Total
Yes
Full Baths
Yes
Annual Rent
1450

Description of Unit Type 4

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

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

Originating Details

Originating System Key
20260430163226279166000000
Originating System ID
M00000170
IDX
Listing Office: The Keyes Company
Source MLS Verified
Last Updated: November - 13 - 2026
Broker Attribution: 561-577-0398

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