Homes for sale - 1 Tropical DR, Ocean Ridge, FL 33435

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Dennis Lue Yat

dennis@luxeiqgroup.com +1(561) 571-1425

Listed by Compass Florida LLC

$2,795,000

Est. payment - /mo

8 Baths

4,310 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type MultiFamily (5+ Units)

Listing Status Active

Purchase Type For Sale

Square Footage 4,310 sqft

Price per Sqft $648

MLS Listing ID RX-11142310

Construction Status Resale

Year Built 1956

Annual Tax Amount $21,714

Tax Year 2025

Lot Size 0.300 Acres

Property Sub-Type MultiFamily (5+ Units)

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. 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.

Location

Subdivision Palm Beach Shore Acres

State FL

County Palm Beach

Area 4120

Zoning RMM(ci

Interior

Heating Window/Wall

Cooling Ceiling Fan, Wall-Win A/C

Flooring Terrazzo Floor, Tile

Fireplaces Type Smoke Alarm, Smoke Detector

Exterior

Utilities Available Cable, Electric, Generator, Public Sewer, Public Water

Roof Type Concrete Tile,Tar/Gravel

Building

Story 100.00

Foundation CBS

Construction Status Resale

Others

Miscellaneous Laundry

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

Financing Cash,Exchange

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Dennis Lue Yat

+1(561) 571-1425

Broker | SL3301099

Broker SL3301099

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1 Tropical DR Ocean Ridge, FL 33435

Dennis Lue Yat

Key Details

Location

Interior

Exterior

Building

Others

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