220 Walton Boulevard, West Palm Beach, FL, 33405
220 Walton Boulevard, West Palm Beach, FL, 33405
$2,399,000
Basics
- Listing updated: June 03, 2025 at 8:47 pm
- Days on Сomwire: 4
- Year built: 1950
- Status: Active
- Price per sqft: $528.41
- Date added: June 03, 2025 at 9:58 am
- Bedrooms: 1
- Bathrooms: 1
- HOA Dues $: $0
- Est. Taxes: $41,319.30
- For Sale: No
- For Lease: No
- SqFt Living: 4540.00 sq ft
- SqFt Total: 4572.00 sq ft
- 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: 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.
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Location
- County: Palm Beach
- Subdivision: ESTATES OF SOUTH PALM BEACH ADD 1
- State: FL
- City / Department: West Palm Beach
- Zoning: MF20(c
Building Details
- Type: Quad Plex
Additional Info
- Listing Agent: Emanuel Fleurantin
- Listing Agent Phone: (561) 332-5684
- MLS ID: RX-11096110
- 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.