$2,795,000
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1 Tropical Drive Ocean Ridge, FL
Multi-Family
Residence
Beds
8
Baths
...
Bed/Bath
4,310
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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 b...elow 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.
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MLS#
R11142310
Property Type
Multi-Family
Bathrooms
Year Built
1956
Square Feet
4,310
sq. ft
Lot Size
0.3
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Walk Score measures the walkability of any address, Transit Score measures access to public transit on a scale of 1-100.
Source: Walk Score®
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