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

2 Baths

3,397 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,397 sqft

Price per Sqft $822

MLS Listing ID RX-11151426

Full Baths 2

Construction Status Resale

HOA Y/N No

Year Built 1956

Annual Tax Amount $21,714

Tax Year 2025

Lot Size 0.300 Acres

Property Sub-Type Triplex

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.

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

Exterior

Exterior Feature Open Patio

Pool Inground

Community Features Sold As-Is

Utilities Available Cable, Electric, Public Sewer, Public Water

Amenities Available Pool

Waterfront Description None

Roof Type Concrete Tile

Present Use Sold As-Is

Private Pool Yes

Building

Lot Description 1/4 to 1/2 Acre, East of US-1

Story 1.0

Foundation CBS

Construction Status Resale

Others

Senior Community No Hopa

Restrictions None

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

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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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