Basic Information

  • MLS # RX-11084283
  • Type Multi Family
  • Status Active
  • Subdivision/Complex Estates Of South Palm Bea
  • Year Built 1950
  • Date Listed 04/24/2025
  • Days on Market 59
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.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Roof Description Composition, Shingle
  • Style Multi Family

Interior Features

  • Adjusted Sqft N/ASq.Ft
  • Cooling Description Central Air, Ceiling Fans, Electric
  • Floor Description Tile, Vinyl
  • Heating Description Central
  • Sqft N/A Sq.Ft

Property Features

  • Address 220 Walton Blvd
  • City West Palm Beach
  • County Palm Beach
  • Furnished Info no
  • Levels One
  • Listing Terms Cash
  • Possession Close Of Escrow
  • Postal City West Palm Beach
  • Public Survey Section One
  • Roof Composition, Shingle
  • Stories 1
  • Subdivision Complex Estates Of South Palm Bea
  • Subdivision Info Estates Of South Palm Bea
  • Tax Amount $41,319
  • Tax Legal desc E S T S O F S O U T H P A L M B E A C H A D D N O1 L T S78 T H R U81
  • Tax Year 2024
  • Terms Considered Cash
  • Type of Property Multi Family

220 Walton Blvd

West Palm Beach, FL 33405

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Woyce Realty Investments & Consulting Inc.. tel: (561) 599-3790

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