1 Tropical Dr | Ocean Ridge, FL 33435
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- LoopNet Team
1 Tropical Dr
Ocean Ridge, FL 33435
Multifamily Property For Sale
·
8 Units
INVESTMENT HIGHLIGHTS
- Prime Location: Located in Ocean Ridge, a prestigious and highly desirable area in Florida.
- Investment Potential: Ideal for investors looking for a stable income property with strong appreciation.
- Outdoor Space: features patios, swimming pool, barbecue, Etc.
- Deeded Ocean Access: Provides exclusive access to a private beach.
- Redevelopment Opportunity: Potential for redevelopment into luxury townhomes or condos, given the upscale neighborhood.
- Community Appeal: Ocean Ridge is known for its community feel, safety, and exclusivity.
PROPERTY FACTS
| No. Units | 8 | Building Size | 4,283 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1956/2017 |
| Building Class | C | Parking Ratio | 2.33/1,000 SF |
| Lot Size | 0.30 AC | ||
| Zoning | RMM - Zoning: RMM –Medium density multifamily | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.30 AC |
| Building Size | 4,283 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1956/2017 |
| Parking Ratio | 2.33/1,000 SF |
| Zoning | RMM - Zoning: RMM –Medium density multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Dining Room
- Garden
- Patio
SITE AMENITIES
- Courtyard
- Fenced Lot
- Laundry Facilities
- Pool
- Gated
- Grill
- Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 5 | - | - |
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