1. Florida
  2. Okeechobee
  3. 7650 Highway 78 W
$1,699,900

7650 Highway 78 W, Okeechobee, FL 34971

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1984
  • Property Lot Size Icon2.5acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 year ago

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.

Listing Status:
Active
Date Added:
July 5, 2024 at 05:00AM
Listing Office:
Media Realty : (954) 923-2325
Listing Agent:
Peter Dacko : (954) 232-7714
MLS ID:
F10449471
  • A/C: Central Air
  • Heating: Central

This listing courtesy of Peter Dacko, Media Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

South Elementary School

2468 SW 7th Ave, Okeechobee, FL, 34974

Grades KG-5

3.53 miles away

O

Osceola Middle School

825 SW 28th St, Okeechobee, FL, 34974

Grades 6-8

3.37 miles away

O

Okeechobee Virtual Franchise

700 SW 2nd Ave, Okeechobee, FL, 34974

Grades 6-12

4.63 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.