For sale
  • $2,399,000

    220 Walton Boulevard, West Palm Beach, FL 33405

    1beds
    4,540sqft
    : 
    Multi Family
    Built in 1950
    -- sqft lot
    $2,452,100 Zestimate®
    $528/sqft
    $-- HOA

    What's special

    Corner unitCentral ac
    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.
    79 days
    on Zillow
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    413
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    18
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