0 Baths
3,940 sqft
$1,000,000
3063 Floweva Street A, West Palm Beach FL, 33406
Price per sqft$253.81
Built in1956
Property size3,940 sqft
Property typeCommercial
Overview
Active
Listed Apr 30, 2026
Updated 10 min ago
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 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 additional rental growth. Ideal for investors seeking immediate cash flow and long-term appreciation.
Other Property Details
- Taxes
- $13,183
- Tax Frequency
- Annually
- Association Fee Frequency
- Yearly
Listed with The Keyes Company 561-577-0398
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Data last updated 9:30 PM UTC, 11/13/2026