1. Florida
  2. West Palm Beach
  3. 220 Walton Boulevard
$2,399,000

220 Walton Boulevard, West Palm Beach, FL 33405

  • 4,540 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1950
  • Property Lot Size Icon10,019sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $528/sqft
  • Property List Date Icon Listed 3 months ago

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.

Listing Status:
Active
Date Added:
June 3, 2025 at 05:00AM
Listing Office:
Woyce Realty Investments & Consulting Inc. : (561) 599-3790
Listing Agent:
Emanuel Fleurantin : (561) 332-5684
MLS ID:
R11096110
  • Flooring: TileVinyl
  • A/C: Central AirElectric
  • Heating: Central

This listing courtesy of Emanuel Fleurantin, Woyce Realty Investments & Consulting Inc.

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

B

Belvedere Elementary School

3000 Parker Ave, West Palm Beach, FL, 33405

Grades PK-5

0.97 miles away

C

Conniston Community Middle School

3630 Parker Ave, West Palm Beach, FL, 33405

Grades 6-8

0.66 miles away

F

Forest Hill Community High School

6901 Parker Ave, West Palm Beach, FL, 33405

Grades 9-12

1.85 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.