New ListingRARE CORNER-LOT DUPLEX! This income-producing property sits on a huge, oversized corner lot in a fast-appreciating neighborhood, just minutes from the beach and Downtown West Palm Beach. Offering a stable rent roll and exceptional value-add potential, the duplex features separate entrances, a brand-new roof, and a spacious lot that provides an excellent foundation for future improvements. Significant renovation upside and attractive pro-forma concepts showcase the property's full potential. Whether you're looking for immediate rental income or a long-term hold with room to grow, 702 Fernwood Drive is a great opportunity in a desirable West Palm Beach location.
| MLS # | A12113114 |
|---|---|
| Listing Type | For Sale |
| Style | Duplex |
| Sub-Type | Resale |
| Status | Active |
| Year | 1945 |
| Days On Site | 4 |
| Listing Provided By | Douglas Elliman | John McSherry |
| SQ Feet | 1,821 |
|---|---|
| Story(s) | 1 |
| Units | 2 |
| Zoning | SF7 (cit |
| Tax Annual Amount | 8515 |
|---|
| State | FL |
|---|---|
| County | Palm Beach |
| City | West Palm Beach |
| Zip Code | 33405 |
| Area | 5430 |
| Subarea | PB25 |
| Community Name | FERNWOOD |
| Listing VS Median (in FERNWOOD) | |
Price: $650,000 low | high Med: $494,500 sqft: 1,821 low | high Med: 972 $ / sqft: $357 low | high Med: $522 On site: 4 low | high Med: 25 | |
| State | FL |
|---|---|
| County | Palm Beach |
| City | West Palm Beach |
| Zip Code | 33405 |
| Area | 5430 |
| Subarea | PB25 |
| Community Name | FERNWOOD |
| Listing VS Median (in FERNWOOD) | |
Price: $650,000 low | high Med: $494,500 sqft: 1,821 low | high Med: 972 $ / sqft: $357 low | high Med: $522 On site: 4 low | high Med: 25 | |