3509 Pinewood Avenue Unit 1-2, West Palm Beach, FL 33407
- $380,000
- 2
- BA
- 1,474
- SqFt
- Sold Price
- $380,000
- List Price
- $400,000
- Days on Market
- 212
- Closing Date
- Mar 01, 2024
- MLS#
- R10901536
- Sq. Ft
- 1,474
- Subtype
- Duplex
- County
- Palm Beach
- Subdivision
- Northwood Add
- Year Built
- 1926
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 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.
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Additional Information
- Construction
- Frame, Stucco
- Cooling
- Wall/Window Unit(s)
- Flooring
- Ceramic Tile, Wood
- Heating
- Wall Furnace
- Restrict
- NoRestrictions
- Roof
- Composition, Tar/Gravel
- Taxes
- $2,942
- Utilities
- Sewer Available, Water Available
- View
- Other
- Amenities
- None
- Waterfront
- None
- Stories
- 1
- Acres
- 0.11
- Price Per Sqft
- $257
Mortgage Calculator
Listing courtesy of KW Reserve Palm Beach. Contact:
Selling Office: KW Reserve Palm Beach.
All listings featuring the BMLS logo are provided by Beaches MLS Inc. Copyright 2026 Beaches MLS. This information is not verified for authenticity or accuracy and is not guaranteed. © 2026 Beaches Multiple Listing Service, Inc. All rights reserved.
Agent: Loodmy Jacques | Email: offers@jacquesrealty.com