244 Walton Blvd, West Palm Beach, FL 33405
This charming three-unit apartment building, located at 244 Walton Blvd in West Palm Beach, Florida, presents a compelling investment opportunity. Built in 1953, this single-story, cinder-block structure boasts a desirable location in a historic area. The property features a mix of units: one two-bedroom, one-bathroom unit and two one-bedroom, one-bathroom units. Two of the one-bedroom units are currently month-to-month rentals with recently installed new air conditioning systems. Long-term rental rates are $1500, $1675, and $3200 respectively. The property offers ample space for the addition of a pool, a valuable amenity for future tenants. Please note that the property is being sold "as is," and any short sale will be subject to lender approval. The roof is older and should be considered for insurance purposes. This property is corporate-owned and presents a unique chance to acquire a well-situated multifamily investment in a thriving Florida market. The property is located in Palm Beach County, Florida, zip code 33405. The building has been partially remodeled.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.