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Residential Income
$1,999,999
$2,500,000
20%
18 Adams Ocean Ridge, FL

R11076354

631 of 763 for Sale
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an agent
  • Listed On:

    Mar 29, 2025
  • Days on Market:

    441
  • Year:

    1959
  • Taxes:

    $18,160 per year
  • Floor Description:

    Terrazzo, Vinyl
  • Occupancy:

  • Zoning:

  • Parking:

18 Adams Ocean Ridge, FL 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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For Sale Details

  • Floor Description

    Terrazzo, Vinyl

  • Heating Description

    Window/Wall

  • Photo Count

    71

  • Property Type

    Residential Income

  • Terms Considered

    All Cash

  • Year Built

    1959

Any questions about Residential Income?
Contact our Ocean Ridge Real Estate Specialist today.

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