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.
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
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-10901536
Originating 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
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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