$1,000,000
$1,150,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
Address not disclosed Okeechobee, FL 34947
944 Acres Lot
Key Details
Sold Price $1,000,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID F10523905
Sold Date 07/22/26
Construction Status Resale
HOA Y/N No
Year Built 1984
Annual Tax Amount $26,444
Tax Year 2025
Contingent Other
Lot Size 944.000 Acres
Acres 944.0
Property Sub-Type 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
Area 6240 - Nw County (Ok)
Zoning RR
Interior
Interior Features InteriorFeatures
Heating Central, Wall Furnace
Cooling Central Air, Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Accessible Parking
Utilities Available Cable Available, Natural Gas Not Available
Water Access Desc Public
Building
Sewer Septic Tank
Water Public
New Construction No
Construction Status Resale
Others
Tax ID 12537350050000400650
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash
Special Listing Condition Standard
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Bought with Peter Dacko III Media Realty






