220 Walton Boulevard
$2,895,000
220 Walton Boulevard, West Palm Beach, FL 33405
For Sale
Multifamily
Active
Last Updated: 04/24/2025
1950
Year Built
MF20(c
Zoning
Details:
Year Built: 1950
Zoning: MF20(c
Roof: ["Composition"]
Floor: ["Vinyl Floor", "Tile"]
Restrooms: 8
Cooling: ["Ceiling Fan", "Electric"]
GrossIncome: $150,600
Highlights:
- Building Area: 4540.0
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: 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.
Location
Gallery
