9
See all 9 photos
$1,150,000
Est. payment /mo
Price Dropped by $245K
Address not disclosed Okeechobee, FL 34971
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Income/Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID F10523905
Construction Status Resale
Total Fin. Sqft 41120
Year Built 1984
Annual Tax Amount $26,444
Tax Year 2025
Property Sub-Type Income/Multi-Family
Property Description
Palm Drive Trailer Park presents a compelling Value Add investment opportunity located just 4 miles from downtown Okeechobee, offering residents convenient access to local services, retail, and employment centers. The property consists of 24 pad sites situated along 36th Avenue, a publicly maintained city street, ensuring dependable infrastructure and municipal service access. The park is also canal-front, with direct water access to Lake Okeechobee. Ownership has recently experienced a shift in motivation and has aggressively reduced the asking price, creating a compelling entry point for investors seeking immediate cash flow with future upside in a supply-constrained submarket. Cap Rate 7.0% at asking price. Easy Management. No Repair and Maintenance. Below Market Rent +8.5% Cap Rate
Location
State FL
County Okeechobee County
Area Ok40
Zoning RR
Interior
Cooling Central Individual A/C
Building
Sewer Other Sewer, Septic Tank
Water Public Water
Construction Status Resale
Others
Ownership Corporation
Virtual Tour https://www.propertypanorama.com/3611-SE-36-Ave-SE-36-Ave-Okeechobee-FL-34971/unbranded
Listed by Media Realty
GET MORE INFORMATION