Seller's Agent in 2024
Loodmy Jacques
KW Reserve Palm Beach
(561) 678-5584
2 in this area
255 Total Sales
3509 Pinewood Ave Unit 1-2 West Palm Beach, FL 33407
Northwood Hills Neighborhood
--
Bed
--
Bath
1,474
Sq Ft
5,001
Sq Ft Lot
Highlights
- Water Views
- Wood Flooring
- Fenced
- Fruit Trees
- Cooling System Mounted To A Wall/Window
- Wall Furnace
About This Home
As of March 2024Lucrative 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
Last Agent to Sell the Property
KW Reserve Palm Beach License #3222697 Listed on: 07/03/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,942
Year Built
- Built in 1926
Lot Details
- 5,001 Sq Ft Lot
- Fenced
- Fruit Trees
Home Design
- Duplex
- Frame Construction
- Shingle Roof
- Tar and Gravel Roof
- Composition Roof
Interior Spaces
- 1,474 Sq Ft Home
- 1-Story Property
- Water Views
Flooring
- Wood
- Ceramic Tile
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Assessor Parcel Number 74434309050540270
Community Details
Overview
- 2 Units
- Northwood Add Subdivision
Building Details
- Operating Expense $5,400
- Net Operating Income $35,400
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/01/2024 03/01/24 | Sold | $380,000 | -5.0% | $258 / Sq Ft |
| 01/16/2024 01/16/24 | Price Changed | $400,000 | -11.1% | $271 / Sq Ft |
| 12/07/2023 12/07/23 | Price Changed | $450,000 | -9.8% | $305 / Sq Ft |
| 10/31/2023 10/31/23 | Price Changed | $499,000 | -16.8% | $339 / Sq Ft |
| 10/02/2023 10/02/23 | Price Changed | $600,000 | +9.1% | $407 / Sq Ft |
| 09/18/2023 09/18/23 | For Sale | $550,000 | 0.0% | $373 / Sq Ft |
| 09/18/2023 09/18/23 | Price Changed | $550,000 | +44.7% | $373 / Sq Ft |
| 09/02/2023 09/02/23 | Off Market | $380,000 | -- | -- |
| 07/28/2023 07/28/23 | Price Changed | $450,000 | -9.8% | $305 / Sq Ft |
| 07/03/2023 07/03/23 | For Sale | $499,000 | -- | $339 / Sq Ft |
Source: BeachesMLS
Tax History Compared to Growth
Agents Affiliated with this Home
-
Loodmy Jacques
Map
Source: BeachesMLS
MLS Number: R10901536
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