220 Walton Boulevard
West Palm Beach, FL 33405
4540 sqft | 0.23 acres | #RX-11096110
Description
8-unit multifamily just minutes from the beach. 1 Fully updated corner unit with impact windows/doors, and central AC. 4 large 1/1s and 4 standard 1/1s. Current income: $150,600/year, NOI: $97,208, cap rate: 4.99%. Pro forma income: $209,040, NOI: $155,649, cap rate: 6.49%. 3 units vacant and Airbnb-ready; the other 5 are on annual leases. Huge upside by converting corner units to short-term rentals—conservatively projected at $30K/unit annually. Turnkey investment with strong cash flow and Airbnb potential.
Property Details
- Utility FeaturesElectricity Connected, Public Sewer
- SubdivisionESTATES OF SOUTH PALM BEACH ADD 1
- CoolingCentral, Electric
- Property TypeMulti-Family
- RoofComposition
- MLS #RX-11096110
- MLS #RX-11096110
- Lot Features< 1/4 Acre
- Lot Description< 1/4 Acre
- CountyPalm Beach
- Original List Price$2,399,000
- Property SubtypeQuadruplex
- Taxes Annual$41,319
- Cost2399000
- ZoningMF20(c
- Acres0.232
- Lot Size (sqft)10100
- Square Feet4540
- Year Built1950
- Stories1
Location
Legal
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Last Updated:Â . Source: BMLS
Listing Courtesy
Listing Agent: Emanuel Fleurantin (#276540661)
Listing Office: Woyce Realty Investments & Consulting Inc. (#276731405)
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