1 Tropical Drive

Highlights:

• Building Area: 4310.0

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.

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Listing ID: 20251117011056275077000000