3063 Floweva #A ,Multi Family, Business for Sale & Rent

3063 Floweva #A for Sale & Rent

Price $1,150,000.00

• Lot size 2460
• Year Build 1956
• Waterfront
• Zip 33406
• Style
• Parking Description Common
• Pool Yes
• Status Active

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+. 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

BRYANT PARK E 100 FT OF LTS 12 & 13 BLK B

1/4 To Less Than 1/2 Acre Lot, Less Than 1 Acre

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+. 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

City:West Palm Beach,Roof:1:Tar & Gravel Roof,Sewer:1:Public Sanitation,2:Sewer,Zoning:RM (city),Cooling:1:Wall/Window Unit(s),Country:US,Heating:1:Window/Wall,List A O R:BeachesMLS,Stories:1,Tax Year:2025,Latitude:26.6485534,Cooling Y N:1,Heating Y N:1,List Price:1150000,Listing Id:B26022317,Longitude:-80.0891823,Mls Status:Active,Utilities:1:Cable Available,Year Built:1956,Possession:1:Long Closing Preferred,2:Negotiable,Postal Code:33406,Street Name:Floweva,Unit Number:A,Coordinates:1:26.6485534,Gross Income:108000,Lot Features:1:Less Than 1 Acre,Photos Count:101,Days On Market:38,Listing Terms:1:Conventional,Lot Size Acres:0.46,Lot Size Units:Square Feet,M I A M I R E_ Area:5490,On Market Date:2026-04-30,Parcel Number:70434407010020121,Parking Total:10,Property Type:Commercial Sale,Stories Total:1,Street Number:3063,Street Suffix:Street,Public Remarks: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+. 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,Structure Type:1:Commercial,2:Multi Family,County Or Parish:Palm Beach County,Documents Count:2,Expiration Date:2027-04-30,List Office Name:The Keyes Company,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Increase,Postal Code Plus4:6683,Property Sub Type:Multi Family,State Or Province:FL,Tax Annual Amount:13183,Total Actual Rent:108000,Unparsed Address:3063 Floweva Street # A, West Palm Beach FL 33406,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Operating Expense:24307,Security Features:1:Fire Alarm,Year Built Details:Resale,Building Area Total:2460,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Num Floors:1,M I A M I R E_ Num Meters:6,Original List Price:115000,Previous List Price:115000,Attribution Contact:561-577-0398,Documents Available:1:Copies Of Lease(S),I D X Participation Y N:1,M I A M I R E_ Num Tenants:6,M I A M I R E_ Num Toilets:6,Number Of Units Total:6,Syndication Remarks: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+. 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 Contract Date:2026-04-30,Originating System I D:miamire,Showing Instructions:Appointment Only,Call Listing Agent,Elect Lockbox-Call List Agent,Pet On Premises,Street Number Numeric:3063,Tax Legal Description:BRYANT PARK E 100 FT OF LTS 12 & 13 BLK B,Electric On Property Y N:1,Gross Scheduled Income:108000,M I A M I R E_ A C Percentage:100,M I A M I R E_ Current Price:1150000,M I A M I R E_ Total Mortgage:306000,M I A M I R E_ Year Installed:1956,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Fee Description:Yearly,M I A M I R E_ Geographic Area:Palm Beach 5460; 5470; 5480; 5490,Association Fee Frequency:Annually,M I A M I R E_ Maint Fee Paid Per:Yearly,M I A M I R E_ Parcel Number M L X:7043,M I A M I R E_ Supplement Count:2,Contract Status Change Date:2026-04-30,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:6,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Subdivision Number:1,M I A M I R E_ Acreage Description:1/4+ To 1/2 Acre,M I A M I R E_ Attribution Contact:561-577-0398,M I A M I R E_ Environmental Audit:None,M I A M I R E_ Parking Space Number:10,M I A M I R E_ Agent Alternate Phone:561-577-0398,M I A M I R E_ Approx Sqft Total Area:20032,M I A M I R E_ Property Description:MULTI-FAMILY LESS THAN 10,M I A M I R E_ Maximum Ceiling Height:8,Internet Entire Listing Display Y N:1,M I A M I R E_ Dade Market Amt Assessed Amt:670470,Internet Automated Valuation Display Y N:1,