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Listed by Woyce Realty Investments & Consulting Inc.

$2,399,000

Est. payment - /mo

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1 Bed

2 Baths

4,540 SqFt

New

220 Walton BLVD West Palm Beach, FL 33405

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Dylan Snyder

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[email protected] +1(561) 951-9301

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Key Details

Property Type Multi-Family

Sub Type Quad Plex

Listing Status Active

Purchase Type For Sale

Square Footage 4,540 sqft

Price per Sqft $528

Subdivision Estates Of South Palm Beach Add 1

MLS Listing ID RX-11096110

Bedrooms 1

Full Baths 2

Construction Status Resale

HOA Y/N No

Year Built 1950

Annual Tax Amount $41,319

Tax Year 2024

Lot Size 10,100 Sqft

Property Sub-Type Quad Plex

Short Sale No

Sub Type Quad Plex

Property 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.

Location

State FL

County Palm Beach

Area 5440

Zoning MF20(c

Interior

Heating Central

Cooling Central, Electric

Flooring Tile, Vinyl Floor

Exterior

Exterior Feature None

Utilities Available Electric, Public Sewer

Amenities Available None

Waterfront Description None

Roof Type Comp Shingle

Private Pool No

Roof Comp Shingle

Construction CBS

Building

Lot Description < 1/4 Acre

Story 1.0

Foundation CBS

Construction Status Resale

Others

HOA Fee Include None

Senior Community No Hopa

Restrictions None

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Dylan Snyder

Agent | SLSL698137

+1(561) 951-9301

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220 Walton BLVD West Palm Beach, FL 33405

Dylan Snyder

Key Details

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220 Walton BLVD