30Th St Okeechobee, FL 34972
- Mobile home & RV parks
- 5.00 lot acres
Current Use by Public Records
- Mobile home & RV parks
Property Details for 0 30Th St
- Lot size
- 5.00 lot acres
- Property type
- Mobile home & RV parks
Description
This exceptional 11-unit mobile home park in Okeechobee, Florida, presents a compelling investment opportunity. Nestled on five acres, the park boasts a strong financial performance, with a net operating income (NOI) of $133,085 and an 8.87% capitalization rate. The property includes six park-owned units, generating consistent rental income, and five tenant-owned units, minimizing maintenance responsibilities. Five of the units are brand new 2024 Fleetwood models, each featuring three bedrooms, two bathrooms, and 910 square feet of living space. The park benefits from a recently installed well, a new engineered septic system with new tanks and drain field, ensuring efficient and reliable utilities. A large, fully stocked pond adds to the property's appeal. The park's location offers convenience, with proximity to an elementary school and a planned development of approximately 4,000 units. The asking price is $1,500,000. This turnkey operation is ideal for investors seeking a low-maintenance, high-return asset in a growing area. The property is surrounded by large acreage, offering potential for future expansion. The gross income is $144,000. This well-maintained property offers significant potential for growth and a stable income stream.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Okeechobee
- County
- Okeechobee
- State
- Florida
- Longitude
- -80.8874
- Latitude
- 27.2709
