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220 Walton Boulevard, West Palm Beach, FL 33405

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For Sale

$2,399,000

1 beds2 baths4,540 sqft

Estimated Payment

$      /mo.

APR for 30 years

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  • Multi-Family (2-4 Units)
    Property type

  • $528.41
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

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.
MLS# RX-11096110

Courtesy Of Woyce Realty Investments & Consulting

(561) 599-3790

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Floor Covering
    Tile, Vinyl

Home seller CENTURY 21 Luxe Homes

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

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