2507 Ocean Drive

Hutchinson Island, FL 34949
Square Ft.
4,396
$2,400,000
INVESTORS, welcome to your turnkey investment property with a remarkable Net Operating Income of over $92,000 annually. Situated in a prime location on North Hutchinson Island, this property is not just an investment--it's an opportunity to own a piece of paradise with outstanding financial returns.This property is a high-demand rentalRead MoreRead Less
Market LogoCourtesy of Compass Florida LLC 561-406-5228
Listing Snapshot
Days Online
38
Last Updated
Property Type
Quad Plex
Square Ft.
4,396
Lot Size
0.32 Acres
Year Built
1976
MLS Number
RX-11016392
30 Days Snapshot Of 34949
$
+50%
(avg) sold price
10
-41%
homes sold
174
+38%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
4,396 total living square feet, 5,958 total square feet, Built in 1976, 2 stories, 4 units in building, Year built description: Resale, Square footage source: Owner, Unit 1 is 1,100 square feet, Unit 2 is 1,100 square feet, Unit 3 is 1,100 square feet, Unit 4 is 1,100 square feet, Block, Concrete, A/C Unit, Built-in Shelves, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Pantry, Patio, Range - Electric, Refrigerator, Smoke Detector, Volume Ceiling, Washer, A/C Unit, Built-in Shelves, Cathed/Vault Ceiling, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Pantry, Patio, Range - Electric, Refrigerator, Smoke Detector, Volume Ceilings, Washer, A/C Unit, Built-in Shelves, Cathed/Vault Ceiling, Dishwasher, Disposal, Dryer, Electric Meter, Kitchen, Laundry, Microwave, Pantry, Patio, Range - Electric, Refrigerator, Smoke Detector, Volume Ceiling, Washer, A/C Unit, Built-in Shelves, Cathed/Vault Ceiling, Dishwasher, Disposal, Electric Meter, Kitchen, Laundry, Microwave, Pantry, Patio, Range - Electric, Refrigerator, Smoke Detector, Volume Ceiling, Washer
Cooling
Ceiling Fan, Central Individual, Electric
Exterior Features
Auto Sprinkler, Custom Lighting, Deck, Open Patio, Open Porch, Outdoor Shower, Room for Pool
Floors
Tile
Heating
Central Individual
Home Owner's Association
HOA fee per month: $0
Interior Features
Unit 1 furnished?: Yes, Unit 2 furnished?: Yes, Unit 3 furnished?: Yes, Unit 4 furnished?: Yes
Lot
13,939 lot square feet, 1/4 to 1/2 Acre, Paved Road
Miscellaneous
Business type: None, Unit 1 monthly income: $7,000, Unit 2 monthly income: $7,000, Unit 3 monthly income: $7,000, Unit 4 monthly income: $7,000, Gross operating income: $264,000, Annual total expense: $172,000, Annual net operating income: $92,000, None, Cash, Conventional
Parking
Open Parking, Space Parking, Open Parking, Space Parking, Open Parking, Space Parking, Open Parking, Space Parking
Property
Property type: B, Zoning: HutchI, Waterfront: No, Water frontage: Beach is 3 min. walk, Garden, Ocean Access
Roof
Metal
Taxes
Real estate taxes: $19,794, Tax year: 2023, Homestead
Utilities
0.00 meter, Public Water, Septic
Windows & Doors
Blinds
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Scott Castro
REALTOR®
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