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7650 Highway 78 W

Okeechobee, FL 34972
  • $990,000
  • STATUS: Active
  • ON SITE: 202 Days
  • MLS #: F10393738
UPDATED: 26 min ago
$990,000
  • 0
    BEDS
  • 2.5
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

Cloverport Mobile Home Park is a 27 lot/pad and one CBS studio complex with laundry facilities rented on an annual basis. All units are tenant owned, park sits on over 2.5 acres, with three entrances, sub-metered public water & septic. Currently there are 11 vacant lots, each having electric and sanitation hookups. The value-add for this opportunity is providing mobile homes on the vacant lots increasing the capitalization rate to 9.2% with a capital expense $599,500. See Offer Memorandum attached to MLSCloverport MHP is located minutes from Lake Okeechobee, Kissimmee River and downtown Okeechobee with its dining and shopping, and less than 6 miles from the up-and-coming Bass Pro Resort. Currently there are 2 mobile homes that were purchased by the tenants, each paying $600/mth.

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All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2024 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2024-02-21T23:19:02.677.
www.billeroproperties.com/homes/142103440
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7650 Highway 78 W Okeechobee, FL 34972

  • Price: $990,000
  • Status: Active
  • On Site: 202 Days
  • Updated: 26 min ago
  • MLS #: F10393738
0
Beds
0
Baths
0
½ Baths
2.5
Acres
Neighborhood:
6240 - Nw County (Ok)
County:
Okeechobee
Area:
6240 - Nw County (Ok)
Property Description
Cloverport Mobile Home Park is a 27 lot/pad and one CBS studio complex with laundry facilities rented on an annual basis. All units are tenant owned, park sits on over 2.5 acres, with three entrances, sub-metered public water & septic. Currently there are 11 vacant lots, each having electric and sanitation hookups. The value-add for this opportunity is providing mobile homes on the vacant lots increasing the capitalization rate to 9.2% with a capital expense $599,500. See Offer Memorandum attached to MLSCloverport MHP is located minutes from Lake Okeechobee, Kissimmee River and downtown Okeechobee with its dining and shopping, and less than 6 miles from the up-and-coming Bass Pro Resort. Currently there are 2 mobile homes that were purchased by the tenants, each paying $600/mth.
Exterior Features

Approximate Lot Size 108900 Type Of Property Income/Multi-Family

Property Features

Auction YN No Geographic Area OK40 Terms Considered CashConventional/Refinance

Listing provided courtesy of Media Realty: . Listing information © 2024 BeachesMLS


All listings featuring the BMLS logo are provided by BeachesMLS Inc. Copyright ©2024 BeachesMLS, Inc.
IDX information is provided exclusively for consumers' personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is not verified for authenticity or accuracy and is not guaranteed. Data last updated 2024-02-21T23:19:02.677.
 
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Billero & Billero Properties
300 Sebastian Blvd.
Sebastian FL, 32958