3063 Floweva St Unit A West Palm Beach, FL 33406
Forest Hill NeighborhoodEstimated payment $8,149/month
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
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,368
Year Built
- Built in 1956
Lot Details
- 0.46 Acre Lot
Home Design
- Shingle Roof
- Composition Roof
Interior Spaces
- 3,940 Sq Ft Home
- 1-Story Property
- Laminate Flooring
Utilities
- Central Heating and Cooling System
- Water Not Available
Listing and Financial Details
- Assessor Parcel Number 70434407010020121
- Seller Considering Concessions
Community Details
Overview
- 4 Units
- Bryant Park Subdivision
Building Details
- Operating Expense $24,307
- Net Operating Income $83,693
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $12,368 | $479,906 | -- | -- |
| 2023 | $11,564 | $436,278 | $0 | $0 |
| 2022 | $10,681 | $396,616 | $0 | $0 |
| 2021 | $9,042 | $360,560 | $151,254 | $209,306 |
| 2020 | $12,414 | $533,571 | $273,000 | $260,571 |
| 2019 | $11,433 | $466,855 | $214,200 | $252,655 |
| 2018 | $10,522 | $445,121 | $222,666 | $222,455 |
| 2017 | $9,820 | $394,455 | $153,563 | $240,892 |
| 2016 | $6,508 | $173,234 | $0 | $0 |
| 2015 | $5,856 | $157,485 | $0 | $0 |
| 2014 | $4,950 | $143,168 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/13/2025 08/13/25 | For Sale | $130,000 | 0.0% | $33 / Sq Ft |
| 05/10/2018 05/10/18 | For Rent | $1,000 | 0.0% | -- |
| 05/10/2018 05/10/18 | Rented | $1,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $300,000 | None Available | |
| Special Warranty Deed | $371,611 | Attorney | |
| Deed | $371,600 | -- | |
| Quit Claim Deed | -- | Fidelity Natl Title Ins Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $230,000 | -- | |
| Warranty Deed | $130,000 | -- | |
| Warranty Deed | $100,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $306,000 | Commercial | |
| Previous Owner | $184,000 | Purchase Money Mortgage | |
| Previous Owner | $105,000 | Purchase Money Mortgage |
Source: BeachesMLS
MLS Number: R11115439
APN: 70-43-44-07-01-002-0121
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- Block C Alice Ave
- 2907 Apalachee Rd
- 2903 Apalachee Rd
- 1815 Fairview Villas Dr Unit 3
- 2837 Floweva St
- 1858 Muskogee Rd
- 729 Lori Dr Unit 406
- 729 Lori Dr Unit 404
- 729 Lori Dr Unit 302
- 711 Lori Dr Unit 309
- 719 Lori Dr Unit 205
- 711 Lori 408 Dr Unit 408
- 2776 Seminole Rd
- 725 Lori Dr Unit 313
- 725 Lori Dr Unit 206
- 725 Lori Dr Unit 111
- 725 Lori Dr Unit 306
- 725 Lori Dr Unit 312
- 721 Lori Dr Unit 303
- 721 Lori Dr Unit 210
- 1145 Colonial Palms Way
- 1197 Colonial Palms Way
- 1109 Colonial Palms Way
- 2085 S Congress Ave
- 1815 Fairview Villas Dr Unit 3
- 729 Lori Dr Unit 305
- 729 Lori Dr
- 711 Lori Dr Unit 309
- 2843 Forest Hill Blvd Unit 2
- 2725 Prairie Ln
- 1816 Prairie Rd Unit 1
- 705 Lori Dr Unit 110
- 225 Bonnie Blvd Unit 1060
- 225 Bonnie Blvd Unit 1160
- 701 Lori Dr Unit 204
- 701 Lori Dr Unit 205
- 702 Lori Dr Unit 194
- 506 Davis Rd Unit 70
- 3128 Frost Rd
- 500 Davis Rd Unit 52