Courtesy of: Joshua McDonald, Compass Florida LLC, myrealtorjoshua@gmail.com
Courtesy of: Joshua McDonald, Compass Florida LLC, myrealtorjoshua@gmail.com
$2,795,000
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2.00 Bath (2 Full)
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Lot: 0.30 Acres
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Other
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$2,795,000
1 Tropical Drive 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.
Courtesy of: Joshua McDonald, Compass Florida LLC, myrealtorjoshua@gmail.com
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