220 Walton BLVD new Save Request In-Person Tour Request Virtual Tour
West Palm Beach,FL 33405
Key Details
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Active
Purchase Type For Sale
Square Footage 4,540 sqft
Price per Sqft $528
Subdivision Estates Of South Palm Beach Add 1
MLS Listing ID RX-11096110
Bedrooms 1
Full Baths 2
Year Built 1950
Annual Tax Amount $41,319
Tax Year 2024
Lot Size 10,100 Sqft
Property Sub-Type Quad Plex
Property 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.
Location
State FL
County Palm Beach
Area 5440
Zoning MF20(c
Interior
Heating Central
Cooling Central,Electric
Flooring Tile,Vinyl Floor
Exterior
Exterior Feature None
Utilities Available Electric,Public Sewer
Amenities Available None
Waterfront Description None
Roof Type Comp Shingle
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation CBS
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://www.propertypanorama.com/220-Walton-Boulevard-West-Palm-Beach-FL-33405--RX-11096110/unbranded