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18 Adams Road

Ocean Ridge, FL

Listing Details

  • $1,999,999
  • MLS# R11076354
  • Type Multi Unit - Multiple
  • Status Active
  • 2,700
    Square Feet
  • 0.200 acres
    Lot Size
  • 1959
    Year Built

Description

What an AMAZING OPPORTUNITY! Seize this exceptional chance to own a multifamily quadplex in the exclusive and rapidly growing Ocean Ridge neighborhood, situated east of A1A and less than a minute's walk from deeded beach access. This multifamily quadplex presents an exceptional income-generating opportunity, is ideal for investors looking to capitalize on short term, seasonal and long-term rental demand. Situated on approximately 65' x 137' lot, this 2,700 sq. ft. quadplex, consists of four spacious 1-bedroom, 1-bathroom units, each offering a comfortable coastal retreat. 1 unit can be converted to a very spacious 2 bedroom, 1 bath unit.... Read more Unit 4 currently has an annual lease in place with tenants paying $3,250 per month. Unit 3 currently has an annual lease in place with tenant paying $2,025 per month. New Upgrades include: Recently installed new roof (2025), impact-resistant windows and doors. All four units have been tastefully updated. Kitchens with white quartz countertops, white shaker cabinets, and stainless-steel appliances. Renovated and updated baths in all four units. Terrazzo floors in unit 4 and new vinyl flooring throughout the remaining 3 units. The property is zoned RMM Medium Density Residential, allowing for single-family and multifamilydevelopment offering potential for future expansion or redevelopment. Unbeatable Location: Less than a minutes walk to the beach, bike trails, and scenic oceanfront roads. High Rental Demand: Strong monthly, seasonal, and annual rental potential due to its prime location. Conveniently close to Downtown Delray Beach, residents enjoy easy access to top-tier dining, shopping, and entertainment. Whether youre looking to enhance your investment portfolio or create a bespoke coastal retreat, this property offers unmatched potential for income generation and future development. Dont miss out on this rare opportunity. Schedule your private showing today.

Key Features

No amenity information available.

View All Features
18 Adams Road
Ocean Ridge, FL 33435
Subdivision
OCEAN SHORE ESTATES
County
Palm Beach

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All Property Features

  • Property Type: Multi Unit - Multiple
  • Association Amenities: None
  • Cooling: Wall/Window Unit(s)
  • Days on Site: 441
  • Exterior: Concrete, CBS
  • Fenced: Yes
  • Fencing: Fenced
  • Flooring: Terrazzo, Vinyl
  • Heating: Window/Wall
  • Lot Size: 0.20 Acres
  • Parcel#: 46434527130000120
  • Patio/Porch: Patio - Covered, Patio - Open, Porch - Open, Patio, Porch
  • Restrictions: No Restrictions
  • Roof Type: Concrete
  • Sewer: Septic Tank
  • Special View Info: Garden, Other
  • Sprinkler: Auto Sprinkler
  • SQFT Living: 2208
  • Stories: 1.0
  • Structure Type: Quadruplex
  • Taxes: $18,160
  • Units: 4
  • Utilities: Cable Available, Water Available
  • Utilities: Cable Available, Water Available
  • Water: Public
  • Waterfront Features: None
  • Windows: Storm Window(s)
  • Year Built: 1959

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