| 220..Walton West Palm Beach, FL 33405 |
| Listed Date YYYY/MM/DD:2025-06-03 | ID: 18011096110 |
| Price: $2,100,000 | County: Palm Beach |
| Approximate Lot Size: 10100.00 |
| Area: 5440 | Square Footage: 4540.00 |
| Property Tax: $41,319.00 |
| Sewer Description: | Zoning Information:MF20(c |
| Folio Number: 74434334150000780 |
| Number of Units: | Year Built: 1950 |
| Number of Parking Spaces: |
| Lot Description: 100.0 ft x 101.0 ft |
| Year Built Description: Resale | Gross Rent Income: $ |
| Net Operating Income: $ | Number of Stories: 1.0 |
| Tax Year: 2024 | Tax Information: |
| Legal Description: ESTS OF SOUTH PALM BEACH ADD NO 1 LTS 78 THRU 81 |
| 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. |
