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

3063 Floweva Street A, West Palm Beach, FL 33406

New Listing
$115,000
Property Type: Commercial Sale Square Footage: 2,460 Status: Active
Current Price: $115,000 List Date: 4/30/2026 Last Modified: 4/30/2026

Overview

Description

Excellent opportunity to acquire a well-maintained 6-unit multifamily property in South Florida. The property consists of three separate buildings on one parcel: a front triplex with two 1 bed/1 bath units and one 3 bed/1 bath unit, a rear duplex with two 2 bed/1 bath units, and a standalone 1 bed/1 bath cottage. Several 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 it's own electric meter. Current gross rents total $8,900 /month or $106,800/year. Rents are significantly below market, providing a strong value-add opportunity. Market rent estimates: 1 bed units $1,600-$1,750, 2 bed units $1,900-$2,000, and 3 bed units $2,500+.

Supplements: Pro forma gross income is approximately $133,200 annually. Lease terms and current rents: Unit A (1 bed/1 bath): $1,300/month - Month to Month at Will Unit B (1 bed/1 bath cottage): $1,300/month - Month to Month at Will Unit C (3 bed/1 bath): $1,500/month - Month to Month at Will Unit D (1 bed/1 bath): $1,350/month - Month to Month at Will Unit 307 ...

Listing Details MLS# B26022317

General Property Information

Property Sub Type
Multi Family
Number Of Units Total
6
Building Area Main
2460
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 Occupant Details: Tenant 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
2026-04-30T18:52:07Z
Major Change Type
New Listing
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
1300

Description of Unit Type 3

Unit Type
1 Bedroom
Units Total
Yes
Full Baths
Yes
Annual Rent
1350

Description of Unit Type 4

Unit Type
2 Bedroom
Units Total
Yes
Full Baths
Yes
Annual Rent
1750

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

Showing Details

Pet(s) on Premises
Yes

Originating Details

Originating System Key
20260430163226279166000000
Originating System ID
M00000170

Office/Member Information

DXORIGMLSID
RML

Electric

Separate Meters
Yes

Flooring

Ceramic Tile
Yes

Parking Features

Common
Yes

Property Condition

Resale
Yes

Special Listing Conditions

Standard
Yes

Documents Available

Books & Records
Yes
Copy Of Lease(s)
Yes

Tenant Pays

Cable TV
Yes

Location of Property

Subdivision
Yes

Possession

Close Of Escrow
Yes
Negotiable
Yes

Sewer

Public Sewer
Yes

Utilities

Cable Available
Yes

Business Type

Commercial
Yes

Heating

Central
Yes
Window/Wall
Yes

Construction Materials

CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Roof

Tar/Gravel
Yes

Security Features

Fire Alarm
Yes

Water Source

Public
Yes

Source Of Expenses

Owner Provided
Yes

Cooling

Central Air
Yes
Wall/Window Unit(s)
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes
Occupied
Yes

Occupant Details

Tenant Occupied
Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot
Yes
Less Than 1 Acre Lot
Yes
Listing Office: The Keyes Company
IDX
Last Updated: April - 30 - 2026
Broker Attribution: 561-577-0398

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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