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Headshot for Associate Krista Plagge
  1. Krista Plagge, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 813.285.1702
  4. krista@homeguidetampa.com
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  4. 220 Walton Boulevard, West Palm Beach, FL 33405
220 Walton Boulevard, West Palm Beach, FL 33405
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220 Walton Boulevard
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  • MLS#: RX-11096110 ( Quad Plex )
  • Street Address: 220 Walton Boulevard
  • Viewed: 8
  • Price: $2,399,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1950
  • Bldg sqft: 0
  • Days On Market: 46
  • Additional Information
  • Geolocation: 26.6768 / -80.0511
  • County: PALM BEACH
  • City: West Palm Beach
  • Zipcode: 33405
  • Subdivision: Estates Of South Palm Beach Ad
  • Provided by: Woyce Realty Investments & Consulting Inc.
  • Contact: Emanuel Fleurantin
  • (561) 599-3790
  • DMCA Notice
  • 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.
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Property Location and Similar Properties
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Similar
Features
Absolute Longitude
  1. 80.051092
Avail Info
  1. None
Carport Spaces
  1. 0.00
Construction
  1. CBS
Cooling
  1. Central
  2. Electric
Country
  1. United States
Exterior Features
  1. None
Flooring
  1. Tile
  2. Vinyl Floor
Heating
  1. Central
Homeowners Assoc
  1. None
Housing For Older Persons Act
  1. No Hopa
Income Expenses Annual Net Oper Inc
  1. 155700.00
Income Expenses Annual Total Expense
  1. 53340.00
Income Expenses Gross Operating Inc
  1. 209040.00
Legal Desc
  1. ESTS OF SOUTH PALM BEACH ADD NO 1 LTS 78 THRU 81
Lot Description
  1. < 1/4 Acre
Lot Dimensions
  1. 100.0 ft x 101.0 ft
Number Of Stories
  1. 1.0
Parcel Id
  1. 74434334150000780
Possession
  1. At Closing
Private Pool
  1. No
Property Condition
  1. Resale
Property Group Id
  1. 19990816212116581394000000
Property Type
  1. Quad Plex
Roof
  1. Comp Shingle
Separate Elec Meters
  1. Yes
Separate Wtr Meters
  1. No
Source Of Expenses
  1. Proforma
Sqft Source
  1. Tax Rolls
Sqft Total
  1. 4572.00
Storm Protection Impact Glass
  1. Complete
Subdivision Information
  1. None
Tax Year
  1. 2024
Taxes
  1. 41319.30
Tenant Pays
  1. Cable
  2. Electric
Total Building Sqft
  1. 4540.00
Utilities
  1. Electric
  2. Public Sewer
Virtual Tour Url
  1. https://www.propertypanorama.com/220-Walton-Boulevard-West-Palm-Beach-FL-33405--RX-11096110/unbranded
Waterfront Details
  1. None
Year Built
  1. 1950
Zoning
  1. MF20(c
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Skip to Main Content
Headshot for Associate Krista Plagge
  1. Krista Plagge, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 813.285.1702
  4. krista@homeguidetampa.com