220 Walton Boulevard, West Palm Beach, FL 33405

$2,895,000

bedrooms

bathrooms

square feet

4,540

Acreage

0.23

Open Houses

year built

1950

Full Baths

Half Baths

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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
Subdivision	ESTATES OF SOUTH PALM BEACH ADD 1
County	Palm Beach
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: RX-11084283

Listing agent: Emanuel Fleurantin

Listing broker: Woyce Realty Investments & Consulting (561) 332-5684

Last update: Thursday, April 24 2025 at 3:09 p.m. EDT

Kotohomes National