$1,950,000
$1,990,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
220 Walton Blvd West Palm Beach, FL 33405
4,540 SqFt
Key Details
Sold Price $1,950,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,540 sqft
Price per Sqft $429
MLS Listing ID A11342660
Sold Date 03/31/23
HOA Y/N No
Year Built 1950
Annual Tax Amount $33,762
Contingent Pending Inspections
Lot Size 10,100 Sqft
Property Description
GREAT INVESTMENT OPPORTUNITY 100% RENOVATED BUILDING. 8-UNIT MULTI-FAMILY. FEW MILES TO THE BEACH. Income: $159,600, cap rate 5.01%, NOI $99,601. Pro forma income: $172,800, cap rate 5.63% NOI $109,891. Fully tenant occupied with annual leases. Four large 1/1's and Four 1/1's with all updated interior and exterior, new roof , impact doors and window, New central AC, etc... Kitchens have stainless steel appliances, granite countertops and cherry wood cabinets. Offering Memorandum, Rent Roll and financials available on request.
Location
State FL
County Palm Beach County
Area 5800
Others
Tax ID 74434334150000780
Financing Cash
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Bought with Keller Williams Realty Boca Raton