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Sold for $380,000
  • $380,000

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

    5beds
    2baths
    1,474sqft
    Duplex, Multi Family, Multi Family
    Built in 1926
    -- sqft lot
    $486,400 Zestimate®
    $258/sqft
    $2,388 Estimated rent

    Home value

    $486,400

    $438,000 - $540,000

    $2,388/mo

    Zestimate® history
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    $2,611/mo

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    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:

    Listing updated:

    Listed by:

    Loodmy Jacques 561-678-5584,

    KW Reserve Palm Beach

    Bought with:

    Loodmy Jacques, 3222697

    KW Reserve Palm Beach

    Source: BeachesMLS,MLS#: R10901536MLS LogoOriginating MLS: BeachesMLS

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 2
    Heating
    • Wall Furnace
    Cooling
    • Wall/Window Unit(s)
    Features
    • Flooring: Ceramic Tile, Wood
    Interior area
    • Total structure area: 1,558
    • Total interior livable area: 1,474 sqft

    Property

    Features
    • Levels: One
    • Stories: 1
    • Fencing: Fenced
    • Has view: Yes
    • View description: Other
    • Waterfront features: None
    Lot
    • Size: 5,001 Square Feet
    • Features: Fruit Trees, < 1/4 Acre
    Details
    • Parcel number: 74434309050540270
    • Zoning: SF7(ci
    • Special conditions: Listed As-Is

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Duplex, Multi Family, Multi Family
    Materials
    • Frame, Stucco
    • Roof: Composition,Tar/Gravel
    Condition
    • Resale
    • New construction: No
    • Year built: 1926

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Sewer Available, Water Available

    Community & HOA

    Community
    • Subdivision: NORTHWOOD ADD
    HOA
    • Has HOA: No
    • Amenities included: None
    Location
    • Region: West Palm Beach

    Financial & listing details

    • Price per square foot: $258/sqft
    • Annual tax amount: $2,942
    • Date on market: 9/18/2023
    • Cumulative days on market: 197 days
    • Listing terms: Cash,Conventional
    • Tenant pays: Electricity

    Price history

    DateEventPrice
    3/1/2024Sold$380,000-5%$258/sqft
    Source: BeachesMLS #R10901536 Report a problem
    1/16/2024Price change$400,000-11.1%$271/sqft
    Source: BeachesMLS #RX-10901536 Report a problem
    12/7/2023Price change$450,000-9.8%$305/sqft
    Source: BeachesMLS #RX-10901536 Report a problem
    10/31/2023Price change$499,000-16.8%$339/sqft
    Source: BeachesMLS #RX-10901536 Report a problem
    10/2/2023Price change$600,000+9.1%$407/sqft
    Source: BeachesMLS #RX-10901536 Report a problem
    9/18/2023Listed for sale$550,000+22.2%$373/sqft
    Source: BeachesMLS #RX-10901536 Report a problem
    9/2/2023Listing removed--
    Source: BeachesMLS #RX-10901536 Report a problem
    7/28/2023Price change$450,000-9.8%$305/sqft
    Source: BeachesMLS #RX-10901536 Report a problem
    7/3/2023Listed for sale$499,000$339/sqft
    Source: BeachesMLS #RX-10901536 Report a problem

    Public tax history

    Tax history is unavailable.

    Neighborhood: Northwood Pines

    Nearby schools

    GreatSchools rating
    Get a cash offer in 3 minutes
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    Estimated market value
    $486,400
    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
    $486,400