Henri’s Apartments

Investment Overview

Henri’s Apartments at 1 Tropical Drive is an 8-unit, fully-leased multifamily property in the exclusive coastal town of Ocean Ridge. Spanning 4,310 square feet across three buildings on a 0.3-acre corner lot, it includes three studios and five one-bedroom units, with deeded private beach access and a commercial-sized pool. Currently generating cash flow with potential for rental growth, the property also has city-approved redevelopment potential for four luxury townhomes, offering a unique opportunity for both steady income and long-term appreciation in a prime South Florida market.

Investment Highlights

• Redevelopment Potential: City-approved for transformation into four luxury townhomes, maximizing future value on this prime lot.
• Exclusive Beach Access: Offers deeded access to a private beach, a significant value enhancer for both tenant retention and property appreciation.
• Prime Investment Opportunity: Situated in Ocean Ridge, one of South Florida’s most exclusive coastal communities, this property offers rare access to a limited multifamily market, ensuring minimal competition.
• Strong Cash Flow: Fully leased with a stable tenant base, delivering consistent income and positioned for rental rate growth.
• Ideal Unit Mix: A balanced combination of studios and one-bedroom units, catering to a diverse tenant base.
• Resort-Style Amenities: Features a large pool, adding premium appeal in a market known for luxury living.
• High-Growth Market: Located in a rapidly appreciating area with one of the highest property growth rates in South Florida, supporting long-term value.
• Immediate Upside: Rental rates have room to increase, providing immediate value-add potential for new ownership.