1 Tropical Drive, Ocean Ridge, FL, 33435
1956
4,310 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. Whole building generator. Complete Accordion Shutters.100% occupied, annual leases. Some rents are lower than market due to the lease length of time. 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.
Status:
Active
Type:
Commercial
Units:
8
Zoning:
RMM(ci
Complex:
PALM BEACH SHORE ACRES
Building Type:
Hotel / Motel,Income,Resident. Multi-Fam.
Heating:
Window/Wall
Cooling:
Ceiling Fan, Wall-Win A/C
Levels:
1.0
Acreage:
0.3
Est. Taxes:
$21,714
Current Use
Hotel/ Motel,Income,Mixed
Construction
CBS
Utilities
Cable,Electric,Generator,Public Sewer,Public Water
Lease Term Type:
None
Owner Pays:
Cable,Electric
MLS #:
RX-11142310
Community Info
School Info
Walk Score
Yelp
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