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  • MLS#: R11151426 ( Residential Income )
  • Street Address: 1 Tropical Drive
  • Viewed: 2
  • Price: $2,795,000
  • Price sqft: $648
  • Waterfront: No
  • Year Built: 1956
  • Bldg sqft: 4310
  • Total Baths: 2
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1 Tropical Drive
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PRICED AT ONLY: $2,795,000

Address: 1 Tropical Drive, Ocean Ridge, FL 33435

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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.
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Features
Building and Construction
  • Flooring: Terrazzo, Tile
  • Roof: Concrete
Eco-Communities
  • Pool Features: In Ground
  • Water Source: Public
Utilities
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Electric: Three Phase
  • Heating: Window/Wall
  • Road Frontage Type: East of US-1
  • Sewer: Public Sewer
  • Utilities: Cable Available, Sewer Available, Water Available
Amenities
  • Association Amenities: Pool
Finance and Tax Information
  • Tax Year: 2025
Rental Information
  • Tenant Pays: Cable TV, Electricity
Other Features
  • Legal Description: PALM BEACH SHORE ACRES BLKS A~ B & Z E 126.05 FT OF W 144.05 FT OF LT 16 BLK A
  • Parcel Number: 46434534050010190
  • Zoning Code: RMM(ci
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