Link Copied
Listed price in listed location currency (USD).
$2,795,000

000

MLS® R11142310

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Commercial Sale
Size -
Garage No
HOA Fees 
Taxes $21,714
Days Active 14
Approx. Age 1956
MLS® Number R11142310

Property Address: 1 Tropical Dr, Ocean Ridge, FL, 33435-7034

Average square foot calculated using Size range provided by listing agent.

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.
MLS® NumberR11142310
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age1956
Stories
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Similar Listings

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 20, 2025List Date
$2,795,000List Price
  • Commute

Commute

Starting Address
Destination Address
1 Tropical Dr, Ocean Ridge, FL

Like what you see?

Complete the form and we'll be in touch. No login necessary.

Add a Comment
Loading...

Comparable Properties