702 Fernwood Drive

West Palm Beach, FL 33405

$635,000
Price
Beds
1,509 Sq. Ft.
$421 / Sq. Ft.
1,509
Sq. Ft.
$421
per Sq. Ft.

Description

Rare opportunity to own a one-of-a-kind duplex in the heart of West Palm Beach! This phenomenal investment offers two spacious units, each featuring 3 bedrooms and 1 bathroom. Centrally located east of I-95, the property is just minutes from downtown West Palm Beach, the beach, and major highway access, making it ideal for both tenants and owner-occupants alike. Don't miss out on this fantastic chance to invest in a prime location with incredible growth potential!Rare opportunity to own a one-of-a-kind duplex in the heart of West Palm Beach! This phenomenal investment offers two spacious units, each featuring 3 bedrooms and 1 bathroom. Centrally located east of I-95, the property is just minutes from downtown West Palm Beach, the beach, and major highway access, making it ideal for both tenants and owner-occupants alike. Don't miss out on this fantastic chance to invest in a prime location with incredible growth potential!
  1. Listed by Alejandro Obregon Ibarra • Partnership Realty Inc.

Property Details for 702 Fernwood Drive

Subdivision
FERNWOOD
Waterfront
No
Waterfront Details
None
Style
No Pool/No Water
LISTING UPDATED: 10/17/2024 03:26 AM

Property Details for 702 Fernwood Drive

StatusActive
MLS #RX-11029158
Days on Market70
Taxes$7,430 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1945
Lot Size0.22 AC / 9,509 SF
CountyPalm Beach County

Building Information for 702 Fernwood Drive

Stories1Residences-Year Built1945Building Size-Lot Size0.22 AC / 9,509 SF

Property Information for 702 Fernwood Drive

Summary
Location and General Information
  • Property Condition: Resale
  • Geo Area: Palm Beach 5420; 5430; 5440
  • Street Number: 702
  • Subdivision Complex Bldg: FERNWOOD
  • Municipal Code: West Palm Beach
  • State: FL
  • City Postal ID: 33405
  • MLS Area: 5430
  • MLS Sub Area: PB20
Parking
  • Carport Spaces: 0
Taxes and HOA Information
  • HOPA: No Hopa
  • Tax Year: 2023
Property
Lot Information
  • Area: 5430
  • HOA Amenities: None
  • Lot Description: < 1/4 Acre
  • Parcel ID: 74434404160000510
  • Property Group ID: 19990816212116581394000000
  • REO: No
  • Sq Ft Total: 1,821
  • Square Ft Source: Tax Rolls
  • Zoning: SF7(ci
Property and Assessments
  • Legal Desc: FERNWOOD LTS 51 TO 53 INC
  • Sq Ft Liv Area: 1509.0
  • Legal Description: FERNWOOD LTS 51 TO 53 INC
Utilities
  • Utilities: Cable, Electric, Public Sewer, Public Water
Interior and Exterior Features
Exterior Features
  • Construction: Cbs Construction
  • Exterior Features: Fence, Open Patio
  • Private Pool: No
  • Storm Protection: None
  • Subdiv Amenities: None
  • Gated Community YN: No
  • Structure Type: Duplex
Interior Features
  • Roof: Comp Shingle
  • Separate Elec Meters: No
  • Separate Wtr Meters: No
  • Cooling: Ceiling Fan, Central, Electric
  • Flooring: Tile
  • Heating: Central, Electric
  • Guest Accommodations: No
Multi Family
Multi-Family Information
  • Income & Expenses: Annual Net Oper Inc: $41,600.00
  • Income & Expenses: Annual Total Expense: $10,000.00
  • Income & Expenses: Gross Operating Inc: $51,600.00
  • Tenant Pays: Cable, Electric, Water
Unit 1
  • Unit 1 Desc: A/C Unit, Dryer, Microwave, Range - Electric, Refrigerator, Stack Bedrooms, Washer
  • Unit 1 Info: Bedrooms: 3
  • Unit 1 Info: Full Bath: 1
  • Unit 1 Info: Furnished: No
  • Unit 1 Info: Monthly Income: 2,300
  • Unit 1 Info: SqFt: 885.0
  • Unit 1 Parking: Open Parking
Unit 2
  • Unit 2 Desc: A/C Unit, Dryer, Microwave, Range - Electric, Refrigerator, Stack Bedrooms, Washer
  • Unit 2 Info: Bedrooms: 3
  • Unit 2 Info: Full Bath: 1
  • Unit 2 Info: Furnished: No
  • Unit 2 Info: Monthly Income: $2,000
  • Unit 2 Info: SqFt: 936.0
  • Unit 2 Parking: Open Parking
Rental
Rental Information
  • Pets on Premises: No

Property History for 702 Fernwood Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 702 Fernwood Drive

Taxable ValueLand$213,902Additions$186,895Total$400,797
Tax Record2023$7,430 ($619 / month)
Home Facts
Beds2Baths2Total Finished SqFt885 SqFtAbove Grade Finished SqFt885 SqFtStories1Lot Size9,509 SqFtStyleSingle Family ResidenceYear Built1945Year Renovated1980ZoningSF7CountyPALM BEACHAPN74-43-44-04-16-000-0510

Schools near 702 Fernwood Drive

This home is within Palm Beach.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 8
Rating
School
Distance
Palmetto Elementary School
PublicPK to 5

Conniston Middle School
Public6 to 8

Forest Hill Community High School
Public9 to 12

Renaissance Charter School At Summit
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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702 Fernwood Drive is a multi-family home for sale in West Palm Beach, FL 33405. This property was listed for sale on October 16, 2024 by Partnership Realty Inc., it's currently listed at $635,000. It has been on the market for a total of 70 days and was last sold on April 8, 2016. This listing's school district is Palm Beach. Nearby schools include Palmetto Elementary School, Conniston Middle School and Forest Hill Community High School. 702 Fernwood Drive is a 0-bed, 0-bath, 1,509 sqft multi-family home built in 1945.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Partnership Realty Inc.

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.