$2,795,000
4,310 Sqft

1 Tropical Drive, Ocean Ridge, Florida 33435

  • Residential Income Property Type
  • 4,310 Sqft Square Footage
  • 1956 Year Built
Property 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.

Basic Details
Residential Income
RX-11151426
$2,795,000
4,310 Sqft
1956
US
FL
Palm Beach
Ocean Ridge
33435
PALM BEACH SHORE ACRES
: Triplex
Active
3,397 Sqft
13,051 Sqft
Features
: Inground
: Window/wall
: Ceiling Fan, Wall-win A/c
: Concrete Tile
No
Yes
1
: Cbs
: Open Patio
: Tile, Terrazzo Floor
Address Map
Tropical
1
Drive
W81° 56' 48.5''
N26° 30' 37.3''
Additional Information
4120
RMM(ci
No
$823
$21,714
2025
: City/county
46434534050010190
No Hopa
: Pool
: Public Water, Cable, Public Sewer, Electric
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Listing courtesy of
Compass Florida LLC
Buyer Agent Info
Kris Kubiak
Partnership Realty Inc.
1663 S. Congress Ave. Palm Springs, FL 33406
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Contact Us
Kris@MyPerfectHouse.com (561) 463 2108