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    OFF-MARKET
    Small 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 Small 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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