220 Walton Boulevard
West Palm Beach , FL 33405
MLS#: R11096110
$2,100,000
Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1950
Sq.Footage
4,540
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.
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Construction Materials
Block
-
Other Exterior Features
None
-
Pool
Yes
-
Pool Features
None
-
Waterfront YN
NO
Area & Lot
-
Property Type
Residential Income
Price
-
Sales Price
$2,100,000
-
Tax Amount
41319.0
-
Zoning
MF20(c
-
Sq. Footage
4, 540
-
Price/SqFt
$462
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Senior Community YN
NO
-
Sewer
Public Sewer
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Location
County
Palm Beach
Elementary School
Middle School
High School
Listing Courtesy of Emanuel Fleurantin , Woyce Realty Investments & Consulting Inc.
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