14725 1St Pkwy Okeechobee, FL 34972
- Mobile home & RV parks
- 4.00 lot acres
Current Use by Public Records
- River Bluff RV & Fishing Resort / Lodge
Property Details for 14725 1St Pkwy
- Year built
- 1954
- Lot size
- 4.00 lot acres
- Property type
- Mobile home & RV parks
Description
River Bluff Resort, a thriving mobile home park in Okeechobee, Florida, presents a compelling investment opportunity. This 4-acre property boasts 16 units, including 11 RVs and 3 houses, with an additional 3 RV rental spaces. Built in 1954 and renovated in 2012, the park offers substantial amenities, enhancing its appeal and rental income. These include 11 boat docks, 2 acres of recreational space featuring picnic tables, outdoor games, and public bathrooms with showers. Further amenities include boat ramps, outdoor grills, a designated WIFI area, and ample parking. The property also includes a rentable marina and RV rentals, contributing to its diverse income streams. Currently generating a NOI of $145,135 and an 8.80% cap rate, the pro-forma NOI projects to $225,300, representing a 13.66% cap rate. The asking price is $1,649,900. Located at 14725 NW 1st Pkwy, Okeechobee, FL 34972, this property offers a unique blend of established income and significant upside potential in a desirable Florida location. The property's diverse revenue streams, including RV and house rentals, and marina rental, contribute to its strong financial performance and attractive investment profile. This is an exceptional opportunity for investors seeking a high-yield, diversified real estate investment in a thriving community.
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
- -80.9799628
- Latitude
- 27.2448526
