18 Adams Road,Ocean Ridge, FL 33435
Ocean Ridge, FL 33435
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. Unit 4 currently has an annual lease in place with tenant's 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 minute's 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 you're looking to enhance your investment portfolio or create a bespoke coastal retreat, this property offers unmatched potential for income generation and future development. Don't miss out on this rare opportunity. Schedule your private showing today.
Details
| MLS # | R11076354 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1959 |
| Days On Site | 576 |
| Listing Provided By | RE/MAX Direct | Karen E Cusenza |
Features
| Bath(s) | 4 |
|---|---|
| SQ Feet | 2,208 |
| Story(s) | 1 |
| Units | 4 |
| Zoning | RMM(ci |
| Acreage | 0.20 |
| Property View | Yes |
Exterior
| Lot Features | Sprinklers Automatic, Less Than Quarter Acre |
|---|
Taxes
| Tax Annual Amount | 18160.2 |
|---|
Area Information
| State | FL |
|---|---|
| County | Palm Beach |
| City | Ocean Ridge |
| Zip Code | 33435 |
| Area | 4120 |
| Subarea | PB11 |
| Community Name | OCEAN SHORE ESTATES |
| Listing VS Median (in OCEAN SHORE ESTATES) | |
Price: $1,974,999 low | high Med: $992,500 sqft: 2,208 low | high Med: 1,775 $ / sqft: $894 low | high Med: $451 On site: 576 low | high Med: 397.5 | |
Market Activity 33435
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Learn More About This Property
| State | FL |
|---|---|
| County | Palm Beach |
| City | Ocean Ridge |
| Zip Code | 33435 |
| Area | 4120 |
| Subarea | PB11 |
| Community Name | OCEAN SHORE ESTATES |
| Listing VS Median (in OCEAN SHORE ESTATES) | |
Price: $1,974,999 low | high Med: $992,500 sqft: 2,208 low | high Med: 1,775 $ / sqft: $894 low | high Med: $451 On site: 576 low | high Med: 397.5 | |
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