220 Walton Boulevard, West Palm Beach, FL, 33405
220 Walton Boulevard, West Palm Beach, FL, 33405
$2,895,000
Basics
- Сomwire last checked: 4:47 am on April 24, 2025
- Listing updated: April 23, 2025 at 11:20 pm
- Days on Сomwire: 0
- Year built: 1950
- Status: Active
- Price per sqft: $637.67
- Date added: April 23, 2025 at 11:20 pm
- Building size (SF): 4540.00 sq ft
- Acres: 0.23 sq ft
- For Sale: Yes
- For Lease: No
- Listing Office Name: Woyce Realty Investments & Consulting Inc.
Description
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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: 5.38%. One unit is vacant and Airbnb-ready; the other 7 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.
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Location
- County: Palm Beach
- Subdivision: ESTATES OF SOUTH PALM BEACH ADD 1
- State: FL
- City / Department: West Palm Beach
- Legal Description: ESTS OF SOUTH PALM BEACH ADD NO 1 LTS 78 THRU 81
- Zoning: MF20(c
- Land Use: Income
- Parcel ID: 74434334150000780
- Utilities: Electric, Municipal Water
Building Details
- Type: MultiFamily (5+ Units)
- Building Type: Resident. Multi-Fam.
- Heating: Central
- Floor covering: Tile, Vinyl Floor
- Roof: Comp Shingle
- Real Estate Taxes: $41,319.30
- Tax Year: 2024
- Cooling: Ceiling Fan,Central,Electric
- Docs Available: Survey
- Info Available: Contracts,Deed,Photos
Additional Info
- Listing Agent: Emanuel Fleurantin
- Listing Agent Phone: (561) 332-5684
- Listing Office: Woyce Realty Investments & Consulting Inc.
- MLS ID: RX-11084283
- MLS Source: Realtor Association of the Palm Beaches (RAPB)
Website provided by Comwire Realty. Data provided by The Beaches MLS, though FLEXMLS.
The data is obtained from various sources and may not have been verified by the broker or the MLS.