Listed By Woyce Realty Investments & Consulting Inc.
The Commercial Property for Sale located at 220 Walton Boulevard, West Palm Beach, Florida 33405 is currently for sale. 220 Walton Boulevard, West Palm Beach, Florida 33405 is listed for $2,100,000. This property has 8 bathrooms.
$2,100,000 USD
Commercial for Sale, 220 Walton Boulevard, West Palm Beach, Florida 33405
- MLS#RX-11084283
- Total rooms8
- Minimum sellable space
422 m² (4,540 ft²)
Property features
Property
- Property size:
422 m² (4,540 ft²)
Lot/Land
- Land/Lot size:
931 m² (0.23 ac)
Construction
- Year built: 1950
- Roofing: Composition/shingle
Bathrooms
- Total bathrooms: 8
Interior Features
- Floors: TileVinyl
Security
- Features: Smoke Detector
Heating and Cooling
- Heating system: Central
- Cooling system: Ceiling FanElectricCentral
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
220 Walton Boulevard, West Palm Beach, Florida 33405