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220 Walton Boulevard West Palm Beach, FL 33405
0 Bedroom, 4,540 Sqft, Quad Plex
AGENT'S REMARKS ABOUT 220 WALTON BOULEVARD
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.PROPERTY DETAILS
- Property Type: Quad Plex
- Approx Living Area: 4,540 SqFt
- Year Built: 1950
- Lot Size: 10,100 SqFt
- Age Restrictions: No Hopa
- County: Palm Beach
- Area: 5440
- Subdivision: ESTATES OF SOUTH PALM BEACH ADD 1
- Age Restricted: No Hopa
- Annual Property Taxes: $41,319
- Repo/Reo: No
- Short Sale: No
MAP LOCATION FOR 220 WALTON BOULEVARD WEST PALM BEACH, FL 33405
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Listing courtesy of Woyce Realty Investments & Consulting Inc. 06.03.2025