Okeechobee, FL 34971,7650 Highway 78 W
Okeechobee, FL 34971,7650 Highway 78 W
Okeechobee, FL 34971,7650 Highway 78 W
Okeechobee, FL 34971,7650 Highway 78 W
Okeechobee, FL 34971,7650 Highway 78 W
Okeechobee, FL 34971,7650 Highway 78 W
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$ 1,799,000
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$ 1,799,000
Est. payment | /mo
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Key Details

Property Type Multi-Family, Commercial

Sub Type Income/Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID F10449471

Construction Status Resale

HOA Y/N No

Total Fin. Sqft 108900

Year Built 1984

Property Description

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

State FL

County Okeechobee County

Area Ok40

Zoning RR

Interior

Heating Central Individual A/C

Cooling Central Individual A/C

Exterior

Water Access N

Private Pool No

Building

Sewer Public Sanitation

Water Public Water

Construction Status Resale

Others

Pets Allowed No

Ownership Corporation

Acceptable Financing Cash

Listing Terms Cash

BeachesMLS Matrix (RAPB-F prefix)
Listed by Media Realty
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(386) 438-9355

derek.ratliff@riserealtyadvisors.com

10752 Deerwood Park Blvd South Waterview II, Suite 100 , JACKSONVILLE, Florida, 32256, USA

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7650 Highway 78 W