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Investment Opportunity

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5014 Spruce Avenue West Palm Beach FL 33407 MLS #RX-11122361

5014 Spruce Avenue
West Palm Beach, FL, 33407
$524,000
Beds
0 Bathrooms
1,766 SqFt
0 Acres
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$524,000
5014 Spruce Avenue
West Palm Beach, FL, 33407
MLS #RX-11122361 image #0MLS #RX-11122361 image #1MLS #RX-11122361 image #2MLS #RX-11122361 image #3MLS #RX-11122361 image #4MLS #RX-11122361 image #5MLS #RX-11122361 image #6MLS #RX-11122361 image #7MLS #RX-11122361 image #8MLS #RX-11122361 image #9MLS #RX-11122361 image #10MLS #RX-11122361 image #11

Project Description

Northwood Marina District Triplex: A Promising Investment Opportunity. This triplex property is situated within walking distance of the Intracoastal Waterway, surrounded by the ongoing construction of 22 high-rise buildings. Within a short distance, you will find the NORA District. Despite the property’s need for some attention, the surrounding area is experiencing rapid growth and development. Rent prices are low, and month-to-month. Great property for owner occupant or added value investor. Current rents are well below market.

Financial

Gross Operating Income
$35,700
Net Operating Income
$18,432
Taxes
$0
Utilities
Cable, Electric, Gas Natural

Investment results for buyers and agents

Property Details

Price:
$524,000
MLS #:
RX-11122361
Status:
Active
Baths:
0
Type:
Residential Income
Subtype:
Triplex
Subdivision:
NORTH PALM BCH 1
Listed Date:
Sep 9, 2025
Finished Sq Ft:
1,766
Year Built:
1948
StoriesNorth Palm Bch 1

Schools

Interior

Cooling
Central Building, Wall- Win A/C
Flooring
Tile, Wood Floor
Heating
Central, Window/Wall

Exterior

Construction
CBS, Frame
Exterior Features
Shed
Homeowners Assoc
None
Lot Description
< 1/4 Acre, East of US-1
Roof
Comp Shingle
Waterfront Details
None

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Map

5014 Spruce Avenue
West Palm Beach, FL