We are full service

Investment Opportunity

Miami Investmens

1 Tropical Drive Ocean Ridge FL 33435 MLS #RX-11142310

1 Tropical Drive
Ocean Ridge, FL, 33435
$2,795,000
Beds
0 Bathrooms
SqFt
0.3 Acres
Add
Add
$2,795,000
1 Tropical Drive
Ocean Ridge, FL, 33435
MLS #RX-11142310 image #0MLS #RX-11142310 image #1MLS #RX-11142310 image #2MLS #RX-11142310 image #3MLS #RX-11142310 image #4MLS #RX-11142310 image #5MLS #RX-11142310 image #6MLS #RX-11142310 image #7MLS #RX-11142310 image #8MLS #RX-11142310 image #9MLS #RX-11142310 image #10MLS #RX-11142310 image #11MLS #RX-11142310 image #12MLS #RX-11142310 image #13MLS #RX-11142310 image #14MLS #RX-11142310 image #15MLS #RX-11142310 image #16MLS #RX-11142310 image #17MLS #RX-11142310 image #18MLS #RX-11142310 image #19MLS #RX-11142310 image #20MLS #RX-11142310 image #21MLS #RX-11142310 image #22MLS #RX-11142310 image #23MLS #RX-11142310 image #24MLS #RX-11142310 image #25MLS #RX-11142310 image #26MLS #RX-11142310 image #27

Project 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.

Financial

Net Operating Income
$124,731
Utilities
Cable, Electric, Generator, Public Sewer, Public Water

Investment results for buyers and agents

Property Details

Price:
$2,795,000
MLS #:
RX-11142310
Status:
Active
Baths:
0
Type:
Commercial
Subtype:
MultiFamily (5+ Units)
Subdivision:
PALM BEACH SHORE ACRES
Listed Date:
Nov 20, 2025
Lot Size:
13,068 sqft / 0.30 acres (approx)
Year Built:
1956
Palm Beach Shore Acres

Schools

Interior

Cooling
Ceiling Fan, Wall- Win A/C
Flooring
Terrazzo Floor, Tile
For Lease
No
Heating
Window/Wall

Exterior

% Air Conditioned
100.00
Construction
CBS
Roof
Concrete Tile, Tar/Gravel

de todo

Map

Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:

Rental ROI

Property Direction

1 Tropical Drive
Ocean Ridge, FL