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Corcoran Group
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220 Walton Boulevard West Palm Beach, FL 33405

West Palm Beach, FL 33405

$2,895,000 USD
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4540 Approx. Sqft

The Details

Transaction Typefor sale
Property TypeCommercial
Built in1950

About this home

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—conservati...
Web ID: 96698478
Listing Courtesy of WOYCE REALTY INVESTMENTS & CONSULTING INC., RMLS:RX_11084283

key features

Indoor features
  • Central air
Other
  • Ceiling Fan Cooling
  • Central Cooling
  • Central Heating
  • Comp Shingle Roof
  • Electric Cooling
  • Tile Flooring
  • Vinyl Floor Flooring
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