About 220 Walton Blvd
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.
Features of 220 Walton Blvd
| MLS® # | RX-11096110 |
|---|---|
| USD | $2,399,000 |
| CAD | $3,260,361 |
| CNY | 元17,228,658 |
| EUR | €2,077,145 |
| GBP | £1,768,521 |
| RUB | ₽191,456,273 |
| Bedrooms | 1 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Total Square Footage | 4,572 |
| Living Square Footage | 4,540 |
| Square Footage | Tax Rolls |
| Acres | 0.23 |
| Year Built | 1950 |
| Type | Multi-Unit |
| Sub-Type | Quad Plex |
| Restrictions | None |
| Style | No |
| Status | New |
Community Information
| Address | 220 Walton Blvd |
|---|---|
| Area | 5440 |
| Subdivision | ESTATES OF SOUTH PALM BEACH ADD 1 |
| City | West Palm Beach |
| County | Palm Beach |
| State | FL |
| Zip Code | 33405 |
Amenities
| Utilities | 3-Phase Electric, Public Sewer |
|---|---|
| Is Waterfront | No |
| Waterfront | None |
| Has Pool | No |
| Subdivision Amenities | None |
Interior
| Heating | Central |
|---|---|
| Cooling | Electric, Central |
| # of Stories | 1 |
Exterior
| Exterior Features | None |
|---|---|
| Lot Description | < 1/4 Acre |
| Roof | Comp Shingle |
| Construction | CBS |
Additional Information
| Date Listed | June 3rd, 2025 |
|---|---|
| Days on Market | 12 |
| Zoning | MF20(c |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Parcel ID | 74434334150000780 |
Listing Details
| Office | Woyce Realty Investments & Consulting Inc. |
|---|---|
| manny@woyce.com |