21 Oceanview Drive

    Ocean Ridge, FL 33435
    • $1,750,000
    • STATUS: Active
    • ON SITE: 94 days
    • ID#: RX-10531161
    UPDATED: 18 min ago
    $1,750,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,944
      SQFT
    • $444
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2003
    County:
    Area:

    School Ratings & Info

    Description

    Enjoy ocean breezes from this Key West style Triplex just steps to the beach! Located in the quaint beachside community of Ocean Ridge. A perfect rental investment with annual/seasonal income potential or occupy one unit as your primary/ 2nd home and rent other units or use one for mother-in-law suite. NO HOA! Built in 2003, each unit is 2BR 2BA with wood floors, high ceilings, marble counters, PGT impact windows/doors, large walk-in closet & washer/dryer. Large Upstairs deck, ground floor patios on large tropical lot..Private beach access, close to shops, restaurants, nature trails & fishing. Truly beach living at its finest! Short drive on A1A to the popular Avenue in Delray Beach for shopping/dining. Airports:14 mi to PBI; 37mi to FLL; 60 to MIA. View the 3 videos in photo section.9 parking spaces: 2 designated spaces per unit and 3 guest spaces Each unit has a washer/dryer. Units A and B currently have annual leases: Unit A $2550/mo til 10/2019 and Unit B $2600/mo til 11/2019; Unit C is Owner-Occupied. Comparable 2 BR/2Ba units range from $3000-$3500/mo on annual rentals and $4500-$5500/mo on seasonal rentals. Annual Income and Expenses provided in Listing are Pro forma as Unit C (Upstairs unit) is owner-occupied and properties are being rented at less than fair market rentals in area. Owner mainly rents to friends and family and reluctant to increase rents for good paying tenants. FYI: All Units were previously owner occupied by all owner occupants & in last 1-4 yrs, seller bought out other owners

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    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-08-19T10:05:03.16.
    www.myreynoldsteam.com/homes/94906357

    21 Oceanview Drive Ocean Ridge, FL 33435

    • Price: $1,750,000
    • Status: Active
    • Updated: 18 min ago
    • ID#: RX-10531161
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    3,944
    SQFT
    $444
    $/SQFT
    2003
    Built
    Neighborhood:
    Palm Beach Shore Acres
    County:
    Palm Beach
    Area:
    Ocean Ridge
    Property Description
    Enjoy ocean breezes from this Key West style Triplex just steps to the beach! Located in the quaint beachside community of Ocean Ridge. A perfect rental investment with annual/seasonal income potential or occupy one unit as your primary/ 2nd home and rent other units or use one for mother-in-law suite. NO HOA! Built in 2003, each unit is 2BR 2BA with wood floors, high ceilings, marble counters, PGT impact windows/doors, large walk-in closet & washer/dryer. Large Upstairs deck, ground floor patios on large tropical lot..Private beach access, close to shops, restaurants, nature trails & fishing. Truly beach living at its finest! Short drive on A1A to the popular Avenue in Delray Beach for shopping/dining. Airports:14 mi to PBI; 37mi to FLL; 60 to MIA. View the 3 videos in photo section.9 parking spaces: 2 designated spaces per unit and 3 guest spaces Each unit has a washer/dryer. Units A and B currently have annual leases: Unit A $2550/mo til 10/2019 and Unit B $2600/mo til 11/2019; Unit C is Owner-Occupied. Comparable 2 BR/2Ba units range from $3000-$3500/mo on annual rentals and $4500-$5500/mo on seasonal rentals. Annual Income and Expenses provided in Listing are Pro forma as Unit C (Upstairs unit) is owner-occupied and properties are being rented at less than fair market rentals in area. Owner mainly rents to friends and family and reluctant to increase rents for good paying tenants. FYI: All Units were previously owner occupied by all owner occupants & in last 1-4 yrs, seller bought out other owners
    Exterior Features

    Carport Spaces 0.00 Construction CbsFrameVinyl Siding Exterior Features Auto SprinklerCustom LightingDeckFenceOpen BalconyOpen PatioOpen PorchOutdoor ShowerWrap-Around Balcony Lot Description East Of Us-1Paved RoadPublic Road Lot Dimensions 150.0 Ft X 66.0 Ft Private Pool YN No Roof Metal Unit1 Parking Space Parking Unit2 Parking Space Parking Unit3 Parking Space Parking Waterfront Description None Waterfront YN No

    Interior Features

    Cooling Ceiling FanCentralElectric Flooring TileWood Floor Heating CentralElectric Unit1 Bedrooms 2 Unit1 Desc A/C UnitBuilt-In ShelvesDishwasherDryerElectric MeterFrench DoorsKitchenLaundryMicrowavePantryPatioRange - ElectricRefrigeratorRoman TubVolume CeilingWalk-In ClosetsWasher Unit1 Full Baths 2 Unit1 Furnished No Unit1 Sq Ft 1396 Unit2 Bedrooms 2 Unit2 Desc A/C UnitBuilt-In ShelvesDishwasherDryerElectric MeterFrench DoorsKitchenLaundryMicrowavePantryPatioRange - ElectricRefrigeratorVolume CeilingsWalk-In ClosetsWasherWindow Cover Unit2 Full Baths 2 Unit2 Furnished No Unit2 Sq Ft 1245 Unit3 Bedrooms 2 Unit3 Desc A/C UnitBuilt-In ShelvesDishwasherDisposalDryerElectric MeterFrench DoorsKitchenLaundryPantryRange - ElectricRefrigeratorRoman TubVolume CeilingWalk-In ClosetsWasherWindow Cover Unit3 Full Baths 2 Unit3 Furnished Partial Unit3 Sq Ft 1305 Unit4 Sq Ft 0 Window Treatments BlindsHurricane WindowsImpact GlassVerticals

    Property Features

    Annual Net Operating Income 78400.00 Annual Total Expenses 20000.00 Available Info DepositLeases Built Desc Resale Development Name Palm Beach Shore Acres Gross Operating Income 114000.00 Homeowners Association None List Office Board Code Realtor Association Of The Palm Beaches (Rapb) Multifamily Type Triplex Possession Funding REO No Restrictions Other Separate Electric Meters Yes Separate Water Meters No Short Sale No Short Sale Addendum No Short Sale AU N/A Source Of Expenses Proforma Sq Ft Total 4920.00 Subdivision Amenities Street Lights Tax Amount 15359.50 Tax Year 2018 Taxes HomesteadNo Homestead Tenant Pays CableElectric Terms Considered CashConventionalOwner Unit1 Monthly Income 3000.00 Unit2 Monthly Income 3000.00 Unit3 Monthly Income 3500.00 Unit4 Monthly Income 0.00 Utilities CableElectricSeptic Zoning Rmm(Ci

    Listing provided courtesy of Open To Close Realty.

    © 2019 All rights reserved. All listings featuring the BMLS logo are provided by BeachesMLS Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2019 Beaches Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 2019-08-19T10:05:03.16.
     
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