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1 Tropical Drive

Ocean Ridge FL 33435

2
4310 sq. ft.
0.3 ac.
Duplex
Currently for sale - view listing

Overview

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

2 bathrooms
4310 sq. ft. floor area
0.3 ac. lot size
Duplex

Happy sellers in Ocean Ridge

77%
77% of sellers in Ocean Ridge reported that their sale price either exceeded or met their price expectations.

Ocean Ridge stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 28 reviews in Ocean Ridge over the last 12 months.

Local market activity for duplexes in Ocean Ridge

In the last 12 months, 10 duplexes similar to 1 Tropical Drive, have been sold.

This represents a 17% increase in duplexes sales when compared to the previous 12 months.

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Sales:
(619) 566-0008
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