Modern Living Group
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$1,999,999ACTIVE

18 Adams Road, Ocean Ridge, FL 33435

beds4baths2,208sq ft$906/ sq ft
THE RESIDENCE

About this home

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.

THE DETAILS

Property details

List Price$1,999,999
Price / Unit$500,000
Units4
Inside Sq Ft2,208
Year Built1959
ConstructionBlock, Concrete
FlooringTerrazzo, Vinyl
ZoningRMM(ci
Property TypeQuadruplex
MLS #R11076354
StatusActive
Original List Price$2,500,000
Tenant PaysCable TV, Electricity, Water
Stories1
Lot Size0.20 acres
WaterfrontNo
ViewGarden,Other
Days on Market450
Show all details (3 more)
Annual Taxes$18,160
CityOcean Ridge
Zip Code33435
LOCATION

Where you'll live

Shane Beckford
FEATURED AGENT
Shane Beckford
Ocean Ridge Specialist
Real Estate Specialist

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