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Pedro Casanova

| The KREN Group | Keller Williams Premier Properties | PLACE

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18 Adams Rd , Ocean Ridge, FL 33435
$1,974,999
Est. Payment: $4,388.89/mo
4 Bed
4 Bath
2208 Sqft
Status: Active | Days on site: 528
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FLL276562796 - FLL63039840
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House 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.

Highlights

Listed by Karen E Cusenza , 561-719-5637 RE/MAX Direct , 561-784-3000.

Property Type

Multi-Family

Lot/Acreage
0.2

Year Built

1959

County

Palm Beach

Area

4120

Neighborhood

Ocean Shore Estates

Listing ID

R11076354

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:4
  • Full Bathrooms:
Air Cond:Wall/Window Unit(s)
Fireplaces:
Floor:Terrazzo,Vinyl
Water:Public

Exterior Features

Lot:Sprinklers Automatic,< 1/4 Acre
Zoning:RMM(ci
Roof:Concrete
Others:
  • Additional:Fence, Patio
Sewer:Septic Tank
Principal Interest
$4,389
Taxes
$1,513

Home Price

$1,974,999

Loan Details

30 yrs
%

Down Payment

20%
$395,000
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Monthly Price:
$4,388.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,388.89 $1,513.33 $0.00 $5,902.22
Yearly $52,666.64 $18,160.00 $0.00 $70,826.64
Total $1,579,999.20 $544,800.00 $0.00 $2,124,799.20

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Ocean Ridge, FL).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.