Basic Information
- MLS # RX-11076354
- Type Duplex / Quad Plex / Triplex
- Subdivision/Complex Ocean Shore Estates
- Year Built 1959
- Total Sqft 2,208
- Date Listed 03/28/2025
- Days on Market 354
What an AMAZING OPPORTUNITY! Seize this exceptional chance to own a multifamily quadplex in the exclusive and rapidly growing Ocean Ridge neighborhood, situated east of A1A and less than a minute's walk from deeded beach access. This multifamily quadplex presents an exceptional income-generating opportunity, is ideal for investors looking to capitalize on short term, seasonal and long-term rental demand. Situated on approximately 65' x 137' lot, this 2,700 sq. ft. quadplex, consists of four spacious 1-bedroom, 1-bathroom units, each offering a comfortable coastal retreat. 1 unit can be converted to a very spacious 2 bedroom, 1 bath unit. Unit 4 currently has an annual lease in place with tenant's paying $3,250 per month. Unit 3 currently has an annual lease in place with tenant paying $2,025 per month. New Upgrades include: Recently installed new roof (2025), impact-resistant windows and doors. All four units have been tastefully updated. Kitchens with white quartz countertops, white shaker cabinets, and stainless-steel appliances. Renovated and updated baths in all four units. Terrazzo floors in unit 4 and new vinyl flooring throughout the remaining 3 units. The property is zoned RMM Medium Density Residential, allowing for single-family and multifamilydevelopment offering potential for future expansion or redevelopment. Unbeatable Location: Less than a minute's walk to the beach, bike trails, and scenic oceanfront roads. High Rental Demand: Strong monthly, seasonal, and annual rental potential due to its prime location. Conveniently close to Downtown Delray Beach, residents enjoy easy access to top-tier dining, shopping, and entertainment. Whether you're looking to enhance your investment portfolio or create a bespoke coastal retreat, this property offers unmatched potential for income generation and future development. Don't miss out on this rare opportunity. Schedule your private showing today.
Amenities
- None
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- WF Description None
- Parking Description
- Exterior Features Outdoor Living Area
Interior Features
- Adjusted Sqft 2,208Sq.Ft
- Sqft 2,208 Sq.Ft
Property Features
- Aprox. Lot Size 8,767
- Furnished Info No
- Lot Description Sprinklers Automatic, Less Than Quarter Acre
- Short Sale Regular Sale
- HOA Fees N/A
- Subdivision Complex Ocean Shore Estates
- Subdivision Info Ocean Shore Estates
- Tax Amount $18,160
- Tax Year 2024
18 Adams
Ocean Ridge, FL 33435Similar Properties For Sale
-
$2,495,0003 Beds2 Baths2,682 Sq.Ft110 Dolphin, Ocean Ridge, FL 33435
-
$1,995,0000 Beds0 Baths1,844 Sq.Ft7 Fayette, Ocean Ridge, FL 33435
-
$1,995,0004 Beds4 Baths1,844 Sq.Ft7 Fayette, Ocean Ridge, FL 33435
-
$1,900,0003 Beds2 Baths1,810 Sq.Ft6130 Ridge, Ocean Ridge, FL 33435
-
$1,595,0003 Beds2 Baths1,907 Sq.Ft902 SW 27th, Boynton Beach, FL 33435
-
$1,550,0003 Beds2 Baths1,973 Sq.Ft5900 Old Ocean #A10, Ocean Ridge, FL 33435
The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: RE/MAX Direct. tel: (561) 784-3000
Real Estate IDX Powered by: TREMGROUP
