3063 Floweva Street #A, West Palm Beach, FL 33406

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3063 Floweva Street #A,West Palm Beach, FL 33406
$1,300,000
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  • - Beds
  • 4 Baths
  • 3,940 sq. ft.
  • Multi-family
  • Active
Listed by: michael j johnston, maby cuevas
Office: the keyes company
MLS#:R11115439
Source:RMLS

Price summary

  • Price:$1,300,000
  • Price per sq. ft.:$290.7

About this home

****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

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Home facts

  • Year built:1956
  • Listing ID #:R11115439
  • Added:1 day(s) ago
  • Updated:February 20, 2026 at 11:43 PM

Rooms and interior

  • Total bathrooms:4
  • Living area:3,940 sq. ft.

Heating and cooling

  • Cooling:Central Air
  • Heating:Central

Structure and exterior

  • Roof:Composition
  • Year built:1956
  • Building area:3,940 sq. ft.
  • Lot area:0.46 Acres

Finances and disclosures

  • Price:$1,300,000
  • Price per sq. ft.:$290.7
  • Tax amount:$12,368 (2024)
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