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    30144 State Road 78 Okeechobee, FL 34974

    For Sale
    $1,200,000

    14 Units, High-Yield Investment

    Property size:
    1,872 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 1.69-acre multifamily property in Okeechobee, Florida, presents a lucrative investment opportunity. The portfolio comprises 14 units: a charming 2-bedroom, 2-bathroom primary residence and 13 fully occupied campsites rented seasonally and annually, generating consistent income. Located near Lake Okeechobee, the property offers convenient access to boating and fishing, enhanced by on-site docks and a fish cleaning station. Additional income streams are generated by boat and camper storage. Resident and guest amenities include an on-site office with mail room, laundry facilities, an outdoor BBQ and picnic area, and a screened patio. Modern upgrades include new septic tanks, electrical improvements, ground maintenance, and security cameras. The property's prime location, combined with its diverse income streams and modern amenities, makes it a truly unique and attractive investment. The 1,872 square foot property was built in 1994 and is situated in Glades County, Florida, with a zip code of 34974.

    Property Features for 30144 State Road 78

    General Information

    Property type
    Multifamily properties
    Square Feet
    1,872 SF

    Building Details

    Year Built
    1994
    Units
    14

    HighLights

    • 1.69‑acre multifamily property in Okeechobee, FL, offering a lucrative investment opportunity.
    • 14 units total: a 2/2 primary residence and 13 occupied campsites (seasonal & annual rentals).
    • Prime location near Lake Okeechobee with on‑site docks and fish cleaning station.
    • Additional income from boat and camper storage.
    • Amenities include an office/mailroom, laundry, BBQ/picnic area, and screened patio.
    • Recent upgrades: new septic, electrical work, landscaping, and security cameras.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential income homes

    Suggested Use

    Restaurant Realty agency Hotel & Motel Pharmacy Storage Facility Convenience Store Travel Agency Italian Restaurant Parking Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Okeechobee
    County
    Glades
    State
    Florida
    Longitude
    -80.8767259
    Latitude
    27.1447556

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    FAQs

    What type of property is this?
    Multifamily property - 14 Units, High-Yield Investment
    Where is this multifamily property located?
    The property is located at 30144 State Road 78 Okeechobee, FL.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: 1.69-acre multifamily property in Okeechobee, FL, offering a lucrative investment opportunity.; 14 units total: a 2/2 primary residence and 13 occupied campsites (seasonal & annual rentals).; Prime location near Lake Okeechobee with on-site docks and fish cleaning station.
    Request Owner's contact information
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    Okeechobee, FL 34974
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    30144 State Road 78 Okeechobee, FL 34974
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