Hwy 441 Okeechobee, FL 34974
- Mobile home & RV parks
- 1.06 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 0 Hwy 441
- Lot size
- 1.06 lot acres
- Property type
- Mobile home & RV parks
- Property subtype
- Campgrounds
Description
This exceptional Okeechobee, FL RV park presents a lucrative investment opportunity. The 1.06-acre property boasts a 100% occupancy rate, generating a robust gross income of $242,688 and a net operating income (NOI) of $208,957, resulting in an impressive 9% capitalization rate. The well-maintained park features a diverse mix of RV lots, mobile homes, and apartment buildings, catering to a broad range of residents and guests. Infrastructure includes a well and three efficient septic systems. Conveniently located near amenities such as Dollar Generals and convenience stores, the park benefits from its proximity to Okeechobee's approximately 43,000 residents and the exciting development potential of nearby projects, including a Bass Pro Resort and a new casino and resort in Brighton, FL (a short 30-minute drive). The property offers significant potential for added value through the addition of coin-operated laundry facilities, further enhancing rental income. A significant advantage is the inclusion of one year of full-time property management as part of the sale, ensuring a seamless transition for the new owner. The asking price is $2,300,000. This turnkey operation is a true cash-generating asset.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Okeechobee
- County
- Okeechobee
- State
- Florida
- Longitude
- -80.6843
- Latitude
- 27.1299
