220 Walton Boulevard West Palm Beach, FL 33405
Other
MLS #: RX-11084283
Courtesy Of Woyce Realty Investments & Consulting
Property InformationDescription
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.
Features
- Age: Over 50 Years Old
- Amenities: Ceiling Fan
- Architecture Style: Other
- Building Units: 8
- Cooling System: Ceiling Fan(s)
- Cooling System: Electric
- Cooling System: Central Air
- Floor Covering: Vinyl
- Floor Covering: Tile
- Floors: 1
- Heating System: Central
- Legal Description: ESTS OF SOUTH PALM BEACH ADD NO 1 LTS 78 THRU 81
- MLSID: RX-11084283
- Roof Type: Shingle
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