Skip main navigation
Sold for $380,000 on 03/01/24
  • $380,000

    3509 Pinewood Avenue #1-2, West Palm Beach, FL 33407

    5beds
    1,474sqft
    Duplex
    Built in 1926
    -- sqft lot
    $365,800 Zestimate®
    $258/sqft
    $3,030 Estimated rent

    What's special

    Lucrative investment opportunity, nestled next to the enchanting Northwood Historic district. This remarkable duplex boasts two separate buildings, providing an incredible chance for investors to capitalize on its potential. The first bldg features 3 bedrooms and 1 bathrooms, commanding a monthly rent of $1,700. The second bldg is equipped with 2 bedrooms and 1 bathroom, also leasing at $1,700 per month. Unit 1 is vacant Unit 2 is currently occupied by long-term tenants, offering immediate income with the possibility to raise rents to market value. Bldg 1's true potential shines with a market rent of $2,500, while Bldg 2 can command an impressive $2,000 per month.What makes this opportunity even more enticing is its location within an Opportunity Zone designation This designation offers an array of tax incentives and benefits for astute investors seeking to maximize their returns. The allure of this duplex extends beyond its financial prospects, as it provides an idyllic setting for tenants with its proximity to the charming Northwood Historic district. Immerse yourself in the rich tapestry of history, culture, and community that surrounds this gem. Furthermore, the convenience of having a single water meter for the property streamlines utility management and ensures cost efficiency. With this setup, you can streamline operations while maximizing your return on investment.Don't miss your chance to enter the world of real estate investment with this captivating duplex. Let your financial dreams take flight as you seize the opportunity to own an income-generating property in a sought-after location. Act now and unlock the potential for substantial returns, long-term growth, and a secure future.

    Zillow last checked: 7 hours ago

    Listing updated: March 05, 2024 at 08:27am

    Listed by:

    Loodmy Jacques 561-678-5584,

    KW Reserve Palm Beach

    Bought with:

    Loodmy Jacques

    KW Reserve Palm Beach

    Source: BeachesMLS,MLS#: RX-10901536MLS LogoOriginating MLS: Beaches MLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Window/Wall
    Cooling
    • Wall/Window Unit(s), A/C Unit
    Appliances
    • Included: Microwave, Electric Range, Refrigerator, Range - Electric
    Features
    • Kitchen
    • Flooring: Ceramic Tile, Wood
    Interior area
    • Total structure area: 1,558
    • Total interior livable area: 1,474 sqft

    Property

    Parking
    • Parking features: Open, Open Parking
    • Has uncovered spaces: Yes
    Features
    • Stories: 1
    • Fencing: Fenced
    • Has view: Yes
    • View description: Other
    • Waterfront features: None
    Lot
    • Size: 5,001 sqft
    • Features: < 1/4 Acre
    • Residential vegetation: Fruit Tree(s)
    Details
    • Parcel number: 74434309050540270
    • Zoning: SF7(ci

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex
    • Attached to another structure: Yes
    Materials
    • Frame, Stucco
    • Roof: Comp Shingle,Tar/Gravel
    Condition
    • Resale
    • New construction: No
    • Year built: 1926

    Utilities & green energy

    • Electric: Electric Meter, Separate Electrical Meters
    • Sewer: Public Sewer
    • Water: Public Water

    Community & neighborhood

    Community
    • Community features: None
    Location
    • Region: West Palm Beach
    • Subdivision: Northwood Add

    HOA & financial

    HOA
    • Has HOA: No

    Other

    Other facts
    • Listing terms: Cash,Conventional
    Services availability
    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $365,800

    Get a cash offer in 3 minutes

    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.

    Estimated market value

    $365,800