7650 Hwy 78 Okeechobee, FL 34974
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28-Pad RV Park in Okeechobee, FL
Property Features for 7650 Hwy 78
General Information
- Property type
- Multifamily properties
- Lot Size
- 108,900 SF
Building Details
- Year Built
- 1984
Listing Agency: Media Realty & Advisors, Inc. Listing Agent: Peter Dacko
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 2.5-acre RV park in Okeechobee, Florida, presents a compelling investment opportunity. Located just minutes from Lake Okeechobee, the Kissimmee River, and downtown Okeechobee's amenities, and less than six miles from the developing Bass Pro Resort, this property boasts 28 pads, including 27 lots and one concrete block studio apartment. The park features laundry facilities and is conveniently situated with three entrances. Utilities are managed efficiently with sub-metered public water and septic. Currently, six units are park-owned, fifteen are tenant-owned (lot rent only), one is financed, and six pads remain vacant. Water expenses are passed through to tenants owning mobile homes. Five brand-new, 560-square-foot, one-bedroom, one-bathroom mobile homes have recently been installed, projected to rent for $1,400 per month. The property's significant value-add potential lies in leasing the vacant pads or installing additional mobile homes at an estimated cost of $58,000 per unit. This presents a strong opportunity for increased revenue and a projected 9.5%-10% capitalization rate with an estimated investment of $348,000. The property is zoned Residential Rural and was built in 1984. The asking price for this established and expandable RV park is $1,890,000. The property's APN is 1-08-38-35-0A00-00017-0000 (27362).
Property Profile
Location Intelligence
Current Use by Public Records
Mobile home & RV ...
Map
- City
- Okeechobee
- County
- Okeechobee
- State
- Florida
- Longitude
- -80.8558053
- Latitude
- 27.1731407
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FAQs
What type of property is this?
Multifamily property - 28-Pad RV Park in Okeechobee, FL
Where is this multifamily property located?
The property is located at 7650 Hwy 78 Okeechobee, FL.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 2.5-acre RV park in Okeechobee, FL, minutes from Lake Okeechobee and Bass Pro Resort.; 28 RV pads: 27 lots and 1 studio apartment; laundry facilities; three entrances.; Sub-metered public water and septic; six park-owned units; fifteen tenant-owned lots; six vacant pads; five new mobile homes (1-bed/1-bath, 560 sq ft) renting for $1,400/month.
