220 Walton Boulevard, West Palm Beach, FL 33405
0
BEDROOMS
0
BATHROOMS
$2,895,000
LISTING PRICE
SQUARE FOOT
Zoning: MF20(c
MLS #: RX-11084283
Subdivision: ESTATES OF SOUTH PALM BEACH ADD 1
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: 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.
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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