1 Tropical Drive, Ocean Ridge, FL, 33435
2 Full baths
1956
3,397 sqft
Prime Location: Located one block from the beach in Ocean Ridge, a prestigious and highly desirable area in Florida. 8 units comprised of 3 studios and five 1 bed, 1 bath. All on separate elec. meters. Shared coin laundry. Complete Accordion Shutters. 100% occupied, annual leases. Some rents are below market. Investment Potential: Ideal for investors looking for a stable income property with strong appreciation. Outdoor Space: features patios, swimming pool, barbecue, Etc. Redevelopment Opportunity: Potential for redevelopment into luxury townhomes or condos, given the upscale neighborhood. Community Appeal: Ocean Ridge is known for its community feel, and exclusivity. Close to Downtown Delray beach, shopping, restaurants, and nightlife.
Status:
Active
Type:
Multi-family
Units:
3
Zoning:
RMM(ci
Subdivision:
PALM BEACH SHORE ACRES
Heating:
Window/Wall
Cooling:
Ceiling Fan(s), Wall/Window Unit(s)
Acreage:
0.3
Est. Taxes:
$21,714
Construction
CBS
Utilities
Cable Available, Sewer Available, Water Available
Amenities:
Pool
Days on Market:
98
Pool:
In Ground
Owner Pays:
Cable TV, Electricity
MLS #:
R11151426
Community Info
School Info
Walk Score
Yelp
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