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18 Adams Rd, Ocean Ridge, FL 33435

  • $1,974,999

  • 12

    bed

  • 12

    bath

  • 2,208

    Sqft ($894/Sqft)

Multi-family for sale 206 days
$25K price drop
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About 18 Adams Rd

Property type Multi-family
Neighborhood
Year built 1959
HOA fee $0/month
Movoto estimate
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.
Listed by
Listing Agent - Karen E Cusenza
Listing Agent Contact: 561-784-3000
Listing Office - RE/MAX Direct
Source: Beaches MLS mls logo
MLS#R11076354 • last updated 3 days ago
Movoto checked Beaches MLS for data 3 minutes ago
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Overview
Cooling/AC Wall/Window Unit(s)
Heating Wall Furnace
Levels/Style One, Quadruplex, 1
Virtual Tour External Link
MLS # R11076354
Status Active
SubType Quadruplex
Living Area 2208
Property Tax 18160.2
Property Condition Resale
Year Built 1959
Interior
Total # of Bathrooms 12
Total # of Bedrooms 12
Flooring Terrazzo, Vinyl
Exterior
Roof Concrete
Construction Block, Concrete
Exterior Features Outdoor Living Area
Patio/Porch Covered, Patio, Porch
Lot Features SprinklersAutomatic, LessThanQuarterAcre
Other Structures Outbuilding
Fencing Fenced
Amenities / Utilities
Water Source MultipleMeters, Public
HOA Amenities None
Location
View Garden, Other
Waterfront None
Subdivision OCEAN SHORE ESTATES
APN 46434527130000120
Directions I95 To Woolbright, East To A1A, North On A1A To Adams Rd On The Right.
Multifamily Details
Total # of Units 4
Financial Data Source Other
Lot/ Land Details
Road Frontage Public Road
Road Surface Paved
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Around Ocean Ridge

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62/100
Family
74/100
Dining
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  • Real Estate
  • FL
  • Palm Beach County
  • Ocean Ridge
  • 33435
  • 18 Adams Rd

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