Bought with BEX Realty, LLC
$949,000
$1,068,999
11.2%For more information regarding the value of a property, please contact us for a free consultation.
11 Tropical DR Ocean Ridge, FL 33435
5 Beds
4 Baths
2,995 SqFt
Key Details
Sold Price $949,000
Property Type Multi-Family
Sub Type Quad Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,995 sqft
Price per Sqft $316
Subdivision Palm Beach Shore Acres
MLS Listing ID RX-10645723
Sold Date 03/05/21
Bedrooms 5
Full Baths 4
Construction Status Resale
HOA Y/N No
Year Built 1956
Annual Tax Amount $16,499
Tax Year 2019
Lot Size 10,082 Sqft
Property Description
PLEASE VIEW THE VIDEO/VIRTUAL TOUR ON THE SECOND SLIDE OF THE PHOTOS. WHAT AN AMAZING OPPORTUNITY! IN THE EXCLUSIVE NEIGHBORHOOD OF OCEAN RIDGE! YOU CAN KEEP CURRENT RENTAL RATES OR HIGHER THEM SEASONALLY! JUST HALF A BLOCK WALK TO THE BEACH. THIS AREA OF OCEAN RIDGE IS GENTRIFYING QUICK AND YOU WON'T REGRET INVESTING IN THIS COMMUNITY. RENT ABILITY IS GREAT DUE TO ITS PROXIMITY TO THE BEACH! THIS ALREADY EXISTING MULTIFAMILY WITH 4 UNITS IS ZONED FOR RMM MEDIUM DENSITY(MULTI FAMILY RESIDENTIAL DISTRICT. (SINGLE FAMILY DWELLING AND MULTIFAMILY DEVELOPMENT)JUST UNDER 5% CAP RATE PLEASE READ ABOVE REMARKS FOR INCOME DETAILS. 100100. SURVEILLANCE ON PREMISES. PLEASE CALL OR TEXT FOR SHOWINGS
Location
State FL
County Palm Beach
Area 4120
Zoning RMM(ci
Interior
Heating Central
Cooling Ceiling Fan, Central
Flooring Carpet, Terrazzo Floor
Exterior
Exterior Feature Covered Patio, Exterior W/D Hookup, Open Patio, Open Porch, Room for Pool
Utilities Available None
Amenities Available Common Laundry
Waterfront Description Ocean Access
Roof Type Concrete Tile
Private Pool No
Building
Lot Description < 1/4 Acre
Story 1.0
Foundation CBS, Stucco
Construction Status Resale
Others
Senior Community No Hopa
Restrictions Commercial Vehicles Prohibited,Maximum # Vehicles,No Boat,Tenant Approval
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
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