Modern Living Group
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$1,950,000ACTIVE

332 Walton Boulevard, West Palm Beach, FL 33405

—beds0baths2,215sq ft$880/ sq ft
THE RESIDENCE

About this home

100% fully occupied. Strong cash flow 7 unit multifamily ( Including 338 Walton Blvd) in a high demand rental area near I95 and just blocks from the Intracoastal. Turnkey property with coin operated laundry, ample parking, and extensive upgrades completed, including New Roof, impact windows, updated flooring, stainless steel appliances, remodeled kitchens and bathrooms, granite countertops, and exterior improvements. Current income $166,680.00. annually with NOI of $104,884.00. Cap rate: 5.38% Annual operating expenses: $57,628.08 Please do not walk the property.

THE DETAILS

Property details

List Price$1,950,000
Price / Unit$650,000
Units3
Cap Rate5.79%
Gross Income$166,680/yr
Net Operating Income$113,000
Inside Sq Ft2,215
Year Built1958
ConstructionCBSConcreteBlockStructure,Block
ZoningMF20 (city)
Lot Dimensions50.0 ft x 101.0 ft
Property TypeTriplex
MLS #B26042781
StatusActive
Original List Price$2,400,000
GRM11.7
Tenant PaysCable TV, Electricity, Water
Stories1
Show all details (7 more)
Lot Size0.12 acres
WaterfrontNo
Days on Market141
Annual Taxes$13,740
FlooringCeramic Tile, Vinyl
CityWest Palm Beach
Zip Code33405
LOCATION

Where you'll live

Wolf Velasco
FEATURED AGENT
Wolf Velasco
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