FL > Okeechobee
Okeechobee, FL 34971,7650 Highway 78 W
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Okeechobee, FL 34971,7650 Highway 78 W
Okeechobee, FL 34971,7650 Highway 78 W
Okeechobee, FL 34971,7650 Highway 78 W
Okeechobee, FL 34971,7650 Highway 78 W
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Ryan Steets

Ryan Steets

+1(561) 568-7545
$ 1,350,000
Est. payment /mo
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Price Dropped by $349K

7650 Highway 78 W Okeechobee, FL 34971

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Income/Multi-Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID F10449471

Construction Status Resale

Total Fin. Sqft 108900

Year Built 1984

Annual Tax Amount $15,000

Tax Year 2025

Property Sub-Type Income/Multi-Family

Property Description

Cloverport Mobile Home Park offers a compelling value-add investment with an in-place 9.25% cap rate and an estimated 11.0% capitalization rate based on stabilized income. Ownership has experienced a shift in motivation and has aggressively reduced the asking creating a massive upside potential. The property is strategically located minutes from Lake Okeechobee, the central business district, providing convenient access to dining, shopping, and employment centers.
Cloverport consists of 27 mobile home pads plus one CBS studio apartment, situated on over 2.5 acres with three points of ingress/egress. The park features sub-metered public water and septic, on-site laundry facilities, and annual leases.

Location

State FL

County Okeechobee County

Area Ok40

Zoning RR

Interior

Heating Central Individual A/C

Cooling Central Individual A/C

Building

Sewer Public Sanitation

Water Public Water

Construction Status Resale

Others

Ownership Corporation

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/7650-Highway-78-W-Okeechobee-FL-34971/unbranded

BeachesMLS Matrix (RAPB-F prefix)
Listed by Media Realty
Ryan Steets

Ryan Steets

Agent | License ID: SL3463758

+1(561) 568-7545

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7650 Highway 78 W

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