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Property profile & analytics
OFF-MARKET
Apartment buildings

244 Walton Blvd West Palm Beach, FL 33405

Built 1953
Property ID
US18-9137406
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Apartment buildings
Year built 1953
UPID US18-9137406
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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