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Euri Lorenzo

lorenzo.euri@gmail.com +1(305) 742-4459

$ 1,999,999

Est. payment | -/mo

2,208 SqFt

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$ 1,999,999

Est. payment | -/mo

Save Virtual Tour

2,208 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,208 sqft

Price per Sqft $905

Subdivision Ocean Shore Estates

MLS Listing ID R11076354

Style Fourplex

HOA Y/N No

Year Built 1959

Annual Tax Amount $18,160

Tax Year 2024

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-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.

Location

State FL

County Palm Beach

Community Ocean Shore Estates

Area 4120

Direction I95 to Woolbright, east to A1A, North on A1A to Adams Rd on the right.

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Terrazzo, Vinyl

Window Features Impact Glass

Exterior

Exterior Feature Fence, Patio

Pool None

Utilities Available Cable Available, Water Available

Amenities Available None

View Garden, Other, Water

Roof Type Concrete

Street Surface Paved

Porch Patio

Private Pool No

Building

Lot Description Sprinklers Automatic, < 1/4 Acre

Story 1

Sewer Septic Tank

Water Public

Architectural Style Fourplex

Level or Stories One

Structure Type Block

Others

Senior Community No

Restrictions No Restrictions

Tax ID 46434527130000120

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Listed As-Is

Virtual Tour https://www.propertypanorama.com/18-Adams-Road-Ocean-Ridge-FL-33435/unbranded

Miami Association of Realtors (SEFMIAMI MLS)

Listed by RE/MAX Direct

Euri Lorenzo

Agent | License ID: 3203565

+1(305) 742-4459 | lorenzo.euri@gmail.com

18 Adams RD Ocean Ridge, FL 33435

Euri Lorenzo

Key Details

Location

Interior

Exterior

Building

Others

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18 Adams RD