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7650 Highway 78 W, Okeechobee, FL 34971

Multi-family For Sale
$1,799,000

BTC: 18.73958333

ETH: 535.41666667

-$91K (584558626Z)
169 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

Cloverport MHP is located minutes from Lake Okeechobee, Kissimmee River and downtown Okeechobee with its dining and shopping, and less than 6 miles from the up-and-coming Bass Pro Resort. The park is a 27 lot/pad and 1 CBS studio apt. complex with laundry facilities. 6 units are park owned, 15 units are tenants owned (lot rent only), 1 unit is financed and there are 6 vacant pads. the complex sits on over 2.5 acres, with three entrances and sub-metered public water & septic. There are 5 brand new mobile one bedroom/one bath homes recently delivered and installed, estimated to rent for $1400 per month. The value-add lies in leasing the 6 vacant pads or installing new MH's at a cost of approx. $58,000 per unit providing a 9.5%-10% cap rate with an investment estimated at $348,000.

Location

Florida • Okeechobee • 34971 • Multi-family • For Sale

Facts and features

Type:
Residential Income
Parking:
Year Built:
1984
Lot:
No Data
Heating:
Central Individual A/C
Price/sqft:
No Data
Cooling:
Central Individual A/C
HOA:
No Data
All facts and features

  • Heating

    • Central Individual A/C

    Cooling

    • Central Individual A/C

  • Other Property Information

    • Parcel Number: 1-08-38-35-0A00-00017-0000

    • Zoning: RR

  • Type and style

    • Property Type: Residential Income

    • Property Sub Type: Multi Family

  • Source details

    • MLS ID: F10449471

    Other facts

    • Construction Materials:

    • Lot Features:

    • Patio And Porch Features:

    • Pool Features:

    • Direction Faces: *****DOWNLOAD OFFER MEMORANDUM FOR DETAILED PROPERTY DESCRIPTION, RENT ROLL, INCOME & EXPENSES, ETC.******

    • Lot Size Dimensions: 108900

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The multiple listing information is provided by the Beaches MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024-present Beaches MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Media Realty