Property
| Ownership: | Commercial |
|---|---|
| Type: | Multi-Family |
| Area: | 4120 sq ft |
Financials
Price:$2,795,000
Listing Courtesy of Compass Florida LLC
Prime Location Located one block from the beach in Ocean Ridge, a prestigious and highly desirable area in Florida.
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.
Unbranded Virtual Tour: https://www.propertypanorama.com/1-Tropical-Drive-Ocean-Ridge-FL-33435/unbranded
Unbranded Virtual Tour: https://www.propertypanorama.com/1-Tropical-Drive-Ocean-Ridge-FL-33435/unbranded
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
