Palm Beach Shore Acres Multifamily For Sale
1 Tropical Drive, Ocean Ridge, FL 33435

$2,795,000
New For Sale
Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker

Details


  • MLS Number:R11142310
  • Virtual Tour: YES
  • List Price: $2,795,000
  • Taxes:$21,714
  • Year Built:1956
  • Listing Date:November 20, 2025
  • Days On Market:2
  • Total Units:8

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.

Features


  • Floor:Terrazzo, Tile
  • Exterior Feature:

Location


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Mila Bogatov
Mila Bogatov
Luxury Real Estate Broker