West Palm Beach, FL 33407,3509 Pinewood AVE 1-2
West Palm Beach, FL 33407,3509 Pinewood AVE 1-2
West Palm Beach, FL 33407,3509 Pinewood AVE 1-2
29
Listed by KW Reserve Palm Beach
Bought with KW Reserve Palm Beach
$380,000
$400,000
5.0%
Est.Price: ?

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5 BD
2 BA
1,474 SqFt

3509 Pinewood AVE 1-2 West Palm Beach, FL 33407

Est. payment /mo
SOLD DATE : 03/01/2024

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Key Details

Sold Price $380,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

Square Footage 1,474 sqft

Price per Sqft $257

Subdivision Northwood Add

MLS Listing ID RX-10901536

Sold Date 03/01/24

Bedrooms 5

Full Baths 2

Construction Status Resale

HOA Y/N No

Year Built 1926

Annual Tax Amount $2,942

Tax Year 2022

Lot Size 5,001 Sqft

Property Description

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

Location

State FL

County Palm Beach

Area 5420

Zoning SF7(ci

Interior

Heating Window/Wall

Cooling Wall-Win A/C

Flooring Ceramic Tile, Wood Floor

Exterior

Exterior Feature Fence, Fruit Tree(s)

Community Features Sold As-Is

Utilities Available Public Sewer, Public Water

Amenities Available None

Waterfront Description None

View Other

Roof Type Comp Shingle,Tar/Gravel

Present Use Sold As-Is

Private Pool No

Building

Lot Description < 1/4 Acre

Story 1.0

Foundation Frame, Stucco

Construction Status Resale

Others

Senior Community No Hopa

Restrictions None

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

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Gemma Peterson

Broker/Owner | License ID: NMLS: 2295908 MLO:2121526

+1(407) 242-7758

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