3063 Floweva Street A, West Palm Beach, FL 33406
New ListingOverview
Description
Supplements: ... (Read more) 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 3075 (2 bed/1 bath): $1,650/month - lease through 10/31/2026 Unit 3077 (2 bed/1 bath): $1,800/month - lease through 3/31/2027 All leases transitioning to month-to-month at expiration for added flexibility. Two on-site laundry machines are available for tenant use, generating additional passive income via refillable laundry card systems—no coin collection required. Property is in overall good condition with no major deferred maintenance. At the current income level, the property operates at a cap rate of approximately 5.3%. Based on market rents, the pro forma cap rate increases to approximately 6.9%+. This is an excellent opportunity to acquire a stabilized income-producing asset with immediate upside potential in a highly desirable rental market. Offered at $1,125,000 ($187,500 per unit). Rent role attached in MLS. Total monthly rent = $8,900/month Annualized = $8,900 × 12 = $106,800/year
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
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
Documents
