220 Walton Boulevard, West Palm Beach, FL 33405
Status: Active
1950
YEAR BUILT
$2,399,000
LISTING PRICE
MultiFamily (5+ Units)
TYPE
MLS#: RX-11084283
Type of Building: Resident. Multi-Fam.
For More Information Call:
561-283-4663
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.

This listing is courtesy of Woyce Realty Investments & Consulting Inc.. Real Estate and Luxury homes in Boca Raton, Delray Beach, Deerfield Beach, Juno Beach, 0 Lake Worth, Palm Beach Gardens, West Palm Beach and surrounding areas in Palm Beach County and South Florida. Property Listing Data contained within this site is the property of Brevard MLS and is provided for consumers looking to purchase real estate. Any other use is prohibited. We are not responsible for errors and omissions on this web site. All information contained herein should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended.

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- Acres0.23 acres
- Available DocumentsSurvey
- Available InformationContracts, Deed and Photos
- CityWest Palm Beach
- CoolingCeiling Fan, Central and Electric
- CountyPalm Beach
- Expenses: Total Expenses$4,449
- Fire ProtectionSmoke Detector
- FlooringTile and Vinyl Floor
- For LeaseNo
- For SaleYes
- HeatingCentral
- LeaseAnnual and Long Term
- Legal DescriptionESTS OF SOUTH PALM BEACH ADD NO 1 LTS 78 THRU 81
- List Price$2,399,000
- List Price/SqFt$528.41 / sqft
- Listing DateWednesday, April 23rd, 2025
- Listing IDRX-11084283
- Listing Price$2,399,000
- Listing StatusActive
- Monetary Info: Gross Operating Income$150,600
- Monetary Info: Net Operating Income$97,208
- Monetary Info: Total Expenses$4,449
- Number of Stories1
- Number of Toilets8
- Percent Air Conditioned100%
- Property DescriptionESTS OF SOUTH PALM B
- Property TypeCommercial
- Real Estate Taxes$41,319.30
- RoofComp Shingle
- Sale IncludesBuilding Only and Fixtures
- SqFt SourceTax Rolls
- State/ProvinceFL
- StatusActive
- Status Change DateWednesday, April 23rd, 2025
- Street NameWalton
- SubdivisionEstates Of South Palm Beach Add 1
- Tax Year2024
- Tenant PaysCable and Electric
- Terms ConsideredCash
- Total Building SqFt4,540 sqft
- Total Units in Building8
- TypeMultiFamily (5+ Units)
- Type of BuildingResident. Multi-Fam.
- UtilitiesElectric and Municipal Water
- Virtual TourYes
- WaterfrontNo
- Year Built1950
- Zip Code33405
- ZoningMF20(c