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.
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Ocean Ridge is located in Florida. Ocean Ridge, Florida has a population of 1,574. Ocean Ridge is less family-centric than the surrounding county with 13.62% of the households containing married families with children. The county average for households married with children is 25.71%.
The median household income in Ocean Ridge, Florida is $129,500. The median household income for the surrounding county is $68,874 compared to the national median of $69,021. The median age of people living in Ocean Ridge is 59.2 years.
The average high temperature in July is 89.9 degrees, with an average low temperature in January of 57.1 degrees. The average rainfall is approximately 61.3 inches per year, with 0 inches of snow per year.
