$ 2,100,000
-
$2,100,000
Price -
0
Bed - Bath
-
4,540
SqFt
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About the Listing 276731405 - 276540661
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.
Listing Highlights for 220 Walton Boulevard
Status
Active
Days on Site
98
Property Type
Multi-Family
MLS ®
R11096110
Year Built
1950
Total Square Footage
4,540
Lot/Acreage
0.23
Interior Details
- Bedrooms: 0
- Bathrooms: Full
- Appliances:
- Air Cond: Central Air,Electric
- Heating: Central
- Fireplaces:
- Floor: Tile,Vinyl
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Lot Description: < 1/4 Acre
- Garage Capacity: N/A
- Lot Dimensions: 100.0 ft x 101.0 ft
- Zoning: MF20(c
- Roof: Composition,Shingle
- Others:
- Sewer: Public Sewer
Financial Details
- Tax Amount: $41,319
- Taxes w/Assessments: N/A
- Tax/Property ID: 74434334150000780
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
220 Walton Boulevard West Palm Beach, FL 33405
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