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18 Adams Rd, Ocean Ridge, FL 33435

  • $1,999,999

  • bed

  • bath

  • 2,208

    Sqft ($906/Sqft)

Multi-family for sale 36 hours
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About 18 Adams Rd

Property type Multi-family
Neighborhood
Year built 1959
HOA fee $0/month
Lot size 8,712 Sqft
Movoto estimate
Rental 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 Office - RE/MAX Direct
Source: SEFMLS mls logo
MLS#R11076354 • last updated 1 day ago
Movoto checked SEFMLS for data 2 minutes ago
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Overview
Cooling/AC Wall/Window Unit(s)
Heating Wall Furnace
Levels/Style One, 1, Fourplex
Type Residential Income
SubType Quadruplex
Status Active
Virtual Tour External Link
MLS # R11076354
SqFt 2208
Lot Size (Acres) 0.2
Property Tax 18160
Year Built 1959
Interior
Window Features Impact Glass
Exterior
Roof Concrete
Exterior Block
Patio/ Porch Patio
Amenities / Utilities
Electricity 3 Phase
Sewer/ Septic Septic Tank
Water Source Public
Pool Desc None
HOA Amenities None
Location
Subdivision OCEAN SHORE ESTATES
Area/ Subdivision 4120
APN 46434527130000120
Zoning RMM(ci
Multifamily Details
Total # of Units 4
Tenant Pays Water
Financial Data Source Other
Lot/ Land Details
Road Surface Paved
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Around Ocean Ridge

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Walk
62/100
Family
74/100
Dining
88/100
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  • Real Estate
  • FL
  • Palm Beach County
  • Ocean Ridge
  • 33435
  • 18 Adams Rd

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