For Sale
220 Walton Boulevard, West Palm Beach, FL 33405
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 Type | |
| Status | Active |
| Listing ID | R11096110 |
| Year Built | 1950 |
| Lot Area | 10,100 |
Nadereh (Nana) Rezaie, P.A. Broker Associate, Certified Luxury Home Marketing Specialist™ GUILD™
Nana Rezaie 561-660-1948
Office: 561-660-1948 1400 Corporate Center Way, Second Floor, Wellington, FL 33414 Each office independently owned and operated 561-472-1236 .
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