3063 Floweva ST #A, West Palm Beach, FL 33406
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3063 Floweva ST #A, West Palm Beach, FL 33406
3063 Floweva ST #A, West Palm Beach, FL 33406
3063 Floweva ST #A, West Palm Beach, FL 33406
3063 Floweva ST #A, West Palm Beach, FL 33406
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Align Right Realty K1 Group

Align Right Realty K1 Group

+1(813) 743-4663
$ 1,000,000
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3063 Floweva ST #A West Palm Beach, FL 33406

3,940 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,940 sqft

Price per Sqft $253

MLS Listing ID B26022317

Construction Status Resale

HOA Y/N No

Year Built 1956

Annual Tax Amount $13,183

Tax Year 2025

Lot Size 0.460 Acres

Acres 0.46

Property Sub-Type Multi Family

Property 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 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.

Location

State FL

County Palm Beach

Area 5490

Zoning RM (city)

Interior

Interior Features InteriorFeatures

Heating Central, Wall Furnace

Cooling Central Air, Wall/Window Unit(s)

Flooring Ceramic Tile

Fireplace No

Exterior

Parking Features Common

Utilities Available Cable Available

Water Access Desc Public

Roof Type Tar/Gravel

Accessibility None

Total Parking Spaces 10

Building

Lot Description 1/4 to 1/2 Acre Lot, Subdivision

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type CBS (Concrete Block Structure),Block

New Construction No

Construction Status Resale

Others

Tax ID 70434407010020121

Security Features Fire Alarm

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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BeachesMLS, Inc. (FLR) IDX
Listed by Michael J Johnston The Keyes Company
Align Right Realty K1 Group
Align Right Realty K1 Group

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3063 Floweva ST #A