18 Adams Road, Ocean Ridge, FL 33435
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  • MLS#: R11076354 ( Residential Income )
  • Street Address: 18 Adams Road
  • Viewed: 34
  • Price: $2,200,000
  • Price sqft: $815
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 2700
  • Total Baths: 4
  • Days On Market: 304
  • 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
Building and Construction
  • Fencing: Fenced
  • Flooring: Terrazzo, Vinyl
  • Other Structures: Outbuilding
  • Roof: Concrete
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Wall/Window Unit(s)
  • Electric: Three Phase
  • Heating: Window/Wall
  • Road Frontage Type: East of US-1, Public Road
  • Sewer: Septic Tank
  • Utilities: Cable Available, Water Available
Amenities
  • Association Amenities: None
Finance and Tax Information
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Cable TV, Electricity, Water
Other Features
  • Legal Description: OCEAN SHORE ESTATES (UNREC) LT 12 & UND INT IN LT B
  • Parcel Number: 46434527130000120
  • Views: 34
  • Zoning Code: RMM(ci
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Headshot for Associate Sara Oquendo
  1. Sara Oquendo, REALTOR ®
  2. Tropic Shores Realty
  3. Mobile: 352.428.8657
  4. saraoquendo1972@gmail.com