$ 1,890,000
7650 Highway 78 W Okeechobee, FL 34971
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$ 1,890,000
Est. payment | /mo
$ 1,890,000
Est. payment | /mo
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.
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
Listed by Media Realty
Learn More About LPT Realty
Tori Segedin
Broker Associate | License ID: BK3281021