Property Listing
3509 Pinewood Avenue 1-2, West Palm Beach, FL 33407
SOLD $380,000Sold Mar 2024
Beds
0
Baths
2
Living Area (SF)
1,474
Price/SF
$258
Year Built
1926
Property Overview
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.
Features & Details
Location
Explore the property location and surrounding neighborhood context within West Palm Beach.
Listing Information
MLS ID: R10901536
Listing Office: KW Reserve Palm Beach
Listing Agent: Loodmy Jacques
Source: BeachesMLS
Last Updated: Pending live MLS feed
Listing information is provided for consumer informational purposes only. Data will be updated with required MLS attribution, broker attribution, source disclosure, and accuracy disclaimers once the live IDX/MLS feed is connected.
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