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18 Adams Road, Ocean Ridge, FL 33435
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18 Adams Road
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  • MLS#: R11076354 ( Residential Income )
  • Street Address: 18 Adams Road
  • Viewed: 31
  • Price: $1,999,999
  • Price sqft: $741
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 2700
  • Total Baths: 4
  • Days On Market: 338
  • Additional Information
  • Geolocation: 27 / -80
  • County: Palm Beach
  • City: Ocean Ridge
  • Zipcode: 33435
  • Subdivision: Ocean Shore Estates
  • Provided by: RE/MAX Direct
  • DMCA Notice
  • 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.
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Features
Possible Terms
  1. Cash
Association Amenities
  1. None
Close Date
  1. 0000-00-00
Cooling
  1. Wall/Window Unit(s)
Electric
  1. Three Phase
Fencing
  1. Fenced
Flooring
  1. Terrazzo
  2. Vinyl
Heating
  1. Window/Wall
Legal Description
  1. OCEAN SHORE ESTATES (UNREC) LT 12 & UND INT IN LT B
Other Structures
  1. Outbuilding
Parcel Number
  1. 46434527130000120
Property Type
  1. Residential Income
Road Frontage Type
  1. East of US-1
  2. Public Road
Roof
  1. Concrete
Sewer
  1. Septic Tank
Tax Year
  1. 2024
Tenant Pays
  1. Cable TV
  2. Electricity
  3. Water
Utilities
  1. Cable Available
  2. Water Available
Views
  1. 31
Virtual Tour Url
  1. https://www.propertypanorama.com/18-Adams-Road-Ocean-Ridge-FL-33435/unbranded
Water Source
  1. Public
Year Built
  1. 1959
Zoning Code
  1. RMM(ci
  1. Tropic Shores Realty
  2. http://homebloks.com - Blockchaiun technology for Real estate professionals.
  3. 352.684.7371
  4. tropicshoresrealty@gmail.com