18 Adams Road, Ocean Ridge FL 33435

For sale Days on market 486

$1,974,999

$894/sq ft

$525,001
Price Decreased

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18 Adams Road, Ocean Ridge FL 33435

For sale Days on market 486

$1,974,999

$894/sq ft

$525,001
Price Decreased

Overview

Year Built

1959

Sqft

2208

Property Type

Quadruplex

Property 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.

Property Details

MLS#

R11076354

Total Floor in Bldg

Address

18 Adams

City

Ocean Ridge

State/county

Zip/Postal Code

33435

Area

Ocean Shore Estates

Country

United States

HOA

Assoc Fee

$--

Assoc Fee Pd

Tax Amount

$18,160

Maint Fee

$--

Tax Year

2024

Garden

Other

Other Water View

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