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1 Tropical Dr
Ocean Ridge, FL 33435 Outer Boynton Beach

$2,795,000 USD

Apartments For Sale  •  4,283 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,283 SF
  • Lot Size 0.3 AC
  • Building Class C
  • Year Built 1956
  • Cap Rate 4.46 %
  • Zoning RMM
0 Transit Score
47 Walk Score

Highlights

1 block to the beach
2 miles to I-95
Close proximity to restaurants, shopping, and parks.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $124,731 USD (2024)
Cap Rate: 4.46 %
Total Expenses: $59,469 USD

Amenities

  • Air Conditioning
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Pool
  • Gated
  • Grill
  • Ceiling Fans
  • Tile Floors
  • Kitchen
  • Refrigerator
  • Oven
  • Lounge
  • Dining Room
  • Garden
  • Patio

Public Transportation

Commuter RailDriveWalkDistance
Delray Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 12 min - 6.3 mi
Boynton Beach (Tri-County Commuter - South Florida Regional Transportation Authority (Tri-Rail)) 11 min - 6.8 mi
AirportDriveWalkDistance
Palm Beach International 23 min - 15.6 mi
Fort Lauderdale/Hollywood International 48 min - 36.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 10
Type: Surface
Included in Rent: Yes
Joshua McDonald 561-633-6345 Compass Florida, LLC - Miami Beach
Joshua McDonald 561-633-6345 Compass Florida, LLC - Miami Beach