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$2,895,000
19 Days On Site
220 Walton BoulevardWest Palm Beach, FL 33405
For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths
—
SqFt
—
/SqFt
1950
Built
Subdivision:
ESTATES OF SOUTH PALM BEA
County:
Palm Beach
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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: 5.38%. One unit is vacant and Airbnb-ready; the other 7 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.
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Listing Snapshot
Price
$2,895,000
Days On Site
19 Days
Bedrooms
N/A
Inside Area (SqFt)
N/A
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.23 Acres
Year Built
1950
MLS® Number
R11084283
Status
Active
Property Tax
$41,319
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 weeks ago | Listing updated with changes from the MLS® | |
| 3 weeks ago | Listing first seen on site |
General Features
Acres
0.23
Property Sub Type
Multi Family
Security
Smoke Detector(s)
Stories
One
Utilities
Electricity AvailableWater Available
Zoning
MF20(c
Interior Features
Cooling
Central AirCeiling Fan(s)Electric
Flooring
TileVinyl
Heating
Central
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Exterior Features
Roof
CompositionShingle
Community Features
Financing Terms Available
Cash
MLS Area
5440
Listing courtesy of Woyce Realty Investments & Consulting Inc.
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2025 BeachesMLS, Inc. (a Flex MLS feed)
Last checked: 2025-05-12 05:49 AM UTC
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2025 BeachesMLS, Inc. (a Flex MLS feed)
Last checked: 2025-05-12 05:49 AM UTC
Neighborhood & Commute
Source: Walkscore
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