14725 1St St Okeechobee, FL 34972
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 14725 1St St
- Year built
- 1966
- Property type
- Commercial real estate
Description
This exceptional 17-unit multifamily property presents a compelling investment opportunity in the tranquil town of Okeechobee, Florida. Located at 14725 NW 1st Street, 34972, this single-story, 1966-built complex offers significant potential for income generation and growth. The property boasts a total of 17 units, providing a substantial rental base. Beyond the core multifamily units, the property encompasses a remarkable 4 acres of land, further enhancing its value and versatility. This expansive acreage includes 11 boat docks, 2 acres dedicated to recreational activities, complete with picnic tables, and ample parking. Additional amenities cater to residents and guests alike, featuring public bathrooms with showers, boat ramps, outdoor grills, and a designated WIFI area. Further adding to the income potential are three houses and eleven RVs included in the sale, along with three additional RV spaces available for rental. This unique combination of residential units and recreational amenities creates a highly attractive and potentially lucrative investment opportunity in a desirable Florida location. The property's established infrastructure and existing rental income stream provide a solid foundation for future growth and profitability. This is a rare chance to acquire a well-established, income-producing property with significant upside potential in a peaceful, small-town setting.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Okeechobee
- County
- Okeechobee
- State
- Florida
- Longitude
- -80.98
- Latitude
- 27.2449
