BreakThru Realty

3063 Floweva Street A, West Palm Beach, FL 33406

$1,150,000 · $467 per sq ft · Multifamily for sale

  • Property type: Multi Family
  • Asking price: $1,150,000
  • Price per sq ft: $467
  • Building size: 2,460 sq ft
  • Lot size: 20,038 sq ft
  • Zoning: RM (city)
  • Year built: 1956
  • Units: 6
  • Stories: 1
  • Tenant pays: Cable TV
  • Parking spaces: 10
  • Parcel ID: 70434407010020121
  • MLS#: B26022317
124-web-or-mls-DJI_0822_3_4_5_6 at 3063 Floweva Street A, West Palm Beach129-web-or-mls-DJI_0857_58_59_60_61 at 3063 Floweva Street A, West Palm Beach124-web-or-mls-DJI_0822_3_4_5_6 at 3063 Floweva Street A, West Palm Beach133-web-or-mls-DJI_0887_88_89_90_91 at 3063 Floweva Street A, West Palm Beach139-web-or-mls-DJI_0917_18_19_20_21 at 3063 Floweva Street A, West Palm Beach2-web-or-mls-DSC_7661 at 3063 Floweva Street A, West Palm Beach3-web-or-mls-DSC_7661 day to dusk at 3063 Floweva Street A, West Palm Beach4-web-or-mls-DSC_7651 at 3063 Floweva Street A, West Palm Beach

About this property

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

Building Features and Utilities

  • Cable Available
  • CBS

Rent Roll

Unit typeUnitsBeds / bathsSizeRent per unitPro forma
1 Bedroom11 / 1—$108/mo—
1 Bedroom11 / 1—$108/mo—
1 Bedroom11 / 1—$113/mo—
2 Bedroom12 / 1—$146/mo—
2 Bedroom12 / 1—$150/mo—
3 Bedroom13 / 1—$125/mo—

6 units. Reported rent $9,000 a year ($750 a month).

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Gross scheduled income$108,000/yr
Gross income$108,000/yr
Property taxes$13,183/yr
Total operating expenses$24,307/yr

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

The Keyes Company · joanrichardson@keyes.com · Listing agent: Michael J Johnston

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 3063 Floweva Street A or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 3063 Floweva Street A

How much is 3063 Floweva Street A?
3063 Floweva Street A is listed at $1,150,000, about $467 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 3063 Floweva Street A zoned?
The listing reports zoning of RM (city). Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 3063 Floweva Street A?
The listing reports 2,460 square feet of building.
When was 3063 Floweva Street A built?
3063 Floweva Street A was built in 1956. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
What are the property taxes on 3063 Floweva Street A?
The listing reports annual property taxes of $13,183 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 3063 Floweva Street A?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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