$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 Quadruplex
Listing Status Sold
Purchase Type For Sale
Square Footage 4,540 sqft
Price per Sqft $429
Subdivision Estates Of South Palm Bea
MLS Listing ID A11324708
Sold Date 03/31/23
Style Fourplex
Construction Status Unknown
HOA Y/N No
Year Built 1950
Annual Tax Amount $33,762
Tax Year 2023
Contingent No Contingencies
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
Community Estates Of South Palm Bea
Area 5800
Interior
Heating Heat Pump
Cooling Electric
Flooring Ceramic Tile
Exterior
Pool None
Utilities Available Cable Not Available
Waterfront No
Roof Type Other
Total Parking Spaces 10
Building
Lot Description 1/4 to 1/2 Acre Lot
Story 1
Sewer Public Sewer
Architectural Style Fourplex
Level or Stories One
Structure Type Block
Construction Status Unknown
Others
Tax ID 74434334150000780
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with Keller Williams Realty Boca Raton