3619 Spruce Avenue, West Palm Beach, FL 33407 — MLS photo

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3619 Spruce Avenue, West Palm Beach, FL 33407

Active · SingleFamilyResidence

$799,900

3619 Spruce Avenue, West Palm Beach, FL 33407

Beds
3
Baths
2
Living area
1,032 sq ft
$ / sq ft
$775/sq ft
Year built
1948
Lot size
—
HOA fee
—
Annual tax
—

About this property

Fantastic opportunity in Old Historic Northwood to purchase a single family home with a detached cottage situated on a wrap-around corner lot. Both properties are CBS construction, have newer 2022 roofs with hurricane straps. The main house has 2 bedrooms, 1 bath, Central air & an attached garage. The detached cottage has 1 bedroom and 1 bath and wall unit air conditioners. The cottage has recently been renovated to include all impact windows, a newer kitchen, bathroom, appliances, newer hot water heater, insulation, washer, dryer and heat pump in 2023 as well as hardwood floors and was recently painted. The main house and cottage are provide the ability of independant living from one another including separate driveways and entrances. A lovely, fenced outdoor covered entertaining area can be shared between the two. Centrally located this ideal West Palm Beach location is two blocks from the Intracoastal Waterway, walking distance of Old Northwood shops and restaurants, a short drive to downtown West Palm Beach, Palm Beach Island, and 15-minute drive to Palm Beach Airport. A must see to appreciate.

Property location

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3619 Spruce Avenue, West Palm Beach, FL 33407

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Facts & features

Interior

Bedrooms
3
Bathrooms
2
Living area
1,032 sq ft

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1948

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Palm Beach
MLS listing ID
B26005301
Listing status
Active

Investment intelligence

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$1,874

Cap rate
2.9%
Net yield
2.9%
Cash-on-cash return
-10.0%
Gross yield
6.1%
Mortgage payment
$3,792/mo
Down payment
$199,975
Loan amount
$599,925
Annual NOI
$23,019

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.