Ocean Ridge · FL
1 Tropical Drive, Ocean Ridge, FL 33435
Ocean Ridge, FL 33435
Price
$2,795,000
Price per sqft: $823/sqft
0
Bedrooms
2
Baths
3,397
SqFt
MLS® ID: R11151426
Description
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.
0
Bedrooms
2
Baths
3,397
SqFt
House
Type
Explore more
Similar properties
Est. payment
$17,976/mo
- Principal & interest
- $14,133
- Property taxes
- $2,795
- Home insurance
- $1,048
- HOA fees
- N/A
Utilities not included
Calculations are estimates only and not a loan commitment. Taxes, insurance, rates and APR may vary. Final approval depends on lender review.
Tip
Save your favorite properties and compare them later. We can focus on the best options for you.
View favorites