Size: 2,208 SqFt (205 m2)
Price: $996/SqFt ($10,725/m2)
Type: Multi Family
Built: 1959
MLS Number: R11076354
View: Garden,Other
On Site: 313 Days
Updated: 22 Days ago
Page Views: 0
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.