3063 Floweva St Unit A West Palm Beach, FL 33406
Forest Hill NeighborhoodEstimated payment $7,883/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
Listing Agent
The Keyes Company Brokerage Phone: 561-577-0398 License #3342965 Listed on: 08/13/2025
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 | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 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 |
|---|---|---|---|
| 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
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