About 1 Tropical Drive
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.
Features of 1 Tropical Drive
| MLS® # | R11142310 |
|---|---|
| Price | $2,795,000 |
| Bathrooms | 8.00 |
| Acres | 0.30 |
| Year Built | 1956 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 1 Tropical Drive |
|---|---|
| Area | 4120 |
| City | Ocean Ridge |
| County | Palm Beach |
| State | FL |
| Zip Code | 33435 |
Amenities
| Utilities | Cable Available |
|---|
Interior
| Heating | Window/Wall |
|---|---|
| Cooling | Ceiling Fan(s), Wall/Window Unit(s) |
Exterior
| Roof | Concrete, Tar/Gravel |
|---|---|
| Construction | CBS |
Additional Information
| Zoning | RMM(ci |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Compass Florida LLC |
|---|