Palm Beach County, FL Real Estate
West Palm Beach, FL Single Story Homes for Sale

West Palm Beach, FL Single Story Homes for Sale

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West Palm Beach, FL Single Story Homes for Sale

$1,150,000
B26022317 MLS
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

3063 Floweva Street Unit A, West Palm Beach

$2,395,000
4 Beds 4 Baths B26022157 MLS
Nestled in the heart of the highly sought-after Flamingo Park Historic District, this exceptional residence is a masterful blend of historic charm and modern luxury. Completely renovated and thoughtfully expanded, the home offers the rare opportunity to enjoy timeless architecture with the comfort and sophistication of new construction. Concrete block, Construction, new electric, plumbing, roof, impact windows doors. Every single thing about this home is new. The main house showcases impeccable craftsmanship throughout, featuring custom woodwork, designer finishes, and an open, light-filled floor plan ideal for both everyday living and entertaining. The chef's kitchen is a true centerpiece, appointed with premium appliances, bespoke cabinetry, and elegant detailing. Nestled in the heart of the highly sought-after Flamingo Park Historic District, this exceptional residence is a masterful blend of historic charm and modern luxury. Completely renovated and thoughtfully expanded, the home offers the rare opportunity to enjoy timeless architecture with the comfort and sophistication of new construction. Concrete block, Construction, new electric, plumbing, roof, impact windows doors. Every single thing about this home is new. The main house showcases impeccable craftsmanship throughout, featuring custom woodwork, designer finishes, and an open, light-filled floor plan ideal for both everyday living and entertaining. The chef's kitchen is a true centerpiece, appointed with premium Thermador appliances, bespoke cabinetry, and elegant detailingStep outside to your private tropical retreat, where a resort-style pool is complemented by a beautifully designed cabana/guest house—perfect for hosting visitors, creating a private office, or generating additional income potential. Every detail of this home has been carefully curated, from structural upgrades to high-end finishes, ensuring a seamless move-in experience. Walk bike or jog to Palm Beach Island, downtown West Palm Beach, pristine beaches, dining, and cultural attractions, this property embodies the best of South Florida living in one of its most historic and charming neighborhoods.

829 Biscayne Drive, West Palm Beach

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