220 Walton Blvd
west palm beach, FL 33405$2,399,000
INTERESTED? LET'S CONNECT
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.
Details
4,540 Sq Ft
0.23 Private Acres Exterior Space
Investment
$41,319 Annual Tax
Built in 1950
MLS/Listing ID RX-11096110
1 Stories
2 Units
Amenities & Features
Tile
Vinyl
Cooling - Electric
Construction - Block
Community - Non Gated
Shingle
Composition
Listing Courtesy of WOYCE REALTY INVESTMENTS & CONSULTING INC., EMANUEL FLEURANTIN - 561-332-5684
Source of Data: BEACHESMLS