Emerald Shore Apartments

Marcus & Millichap, as exclusive listing agents, are pleased to offer for sale Emerald Shore Apartments, located at 6600 N Ocean Blvd, Ocean Ridge, 33435. Emerald Shore Apartments is a gut renovated two-story apartment building located directly across from the beach in Ocean Ridge, Florida. The property was built in 1962 with concrete-block construction, consists of 11,227 square feet and is situated on a .54-acre lot. The unit mix consists of fourteen (14) one-bedroom / one-bathroom units, two (2) two-bedroom / one-bathroom units and one (1) three-bedroom / one-bathroom unit.

The property has undergone significant interior and exterior renovations. Exterior renovations include a new concrete roof, new central air conditioning units, a refinished pool, new landscaping, exterior paint, and resurfaced driveway/parking lot. Interior renovations include granite countertops, new tile flooring, stainless steel appliances, and paint.

Emerald Shore Apartments located on the northeast corner of A1A and East Ocean Boulevard. In front of the property there is direct access to Ocean Ridge Hammock Park, an 8.5 acre beachfront public park. It also benefits from being just up the road from the waterfront restaurants: Two Georges and Banana Boat, while also being not far from the beachside retail such as the Nomad Surf Shop.

This property offers an investor the opportunity to purchase an asset in an irreplaceable location with upside through professional management.