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7 Fayette Dr - Two in Ocean Ridge 2 Unit Apartment Building Offered at $2,697,968 CAD Ocean Ridge, FL 33435
Executive Summary
Escape to coastal bliss in this immaculately remodeled, turnkey furnished beach cottage, just steps from the sand and surf in Ocean Ridge. This two unit duplex can yield over $20,000 per month in the peak winter season. Or live in one and rent out the other. Immaculately renovated with designer finishes, coastal-inspired décor, custom kitchen with quartz countertops, stainless steel appliances, and open shelving. Nestled in a serene seaside neighborhood, this thoughtfully designed getaway offers the perfect blend of modern comfort and timeless beach charm. Each unit has two bedrooms and two bathrooms, a private outdoor patio with lounge seating and BBQ grill. Ideal for morning coffee or evening cocktails. This stunning beach cottage getaway is paradise found!
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$341,695
|
$185.20
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$341,695
|
$185.20
|
| Taxes |
$26,442
|
$14.33
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$26,442
|
$14.33
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $341,695 |
| Annual Per SF | $185.20 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $341,695 |
| Annual Per SF | $185.20 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,442 |
| Annual Per SF | $14.33 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $26,442 |
| Annual Per SF | $14.33 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,697,968 CAD | Building Size | 1,845 SF |
| Price Per Unit | $1,348,984 CAD | Average Occupancy | 100% |
| Sale Type | Investment | No. Stories | 1 |
| No. Units | 2 | Year Built/Renovated | 1954/2025 |
| Property Type | Multifamily | Parking Ratio | 1.08/1,000 SF |
| Lot Size | 0.17 AC |
| Price | $2,697,968 CAD |
| Price Per Unit | $1,348,984 CAD |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Lot Size | 0.17 AC |
| Building Size | 1,845 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1954/2025 |
| Parking Ratio | 1.08/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $14,237 CAD | 820 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
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7 Fayette Dr - Two in Ocean Ridge
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