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In-PersonVirtual Tour
$ 1,350,000
Est. payment | /mo
$ 1,350,000
Est. payment | /mo
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.
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
Listed by Media Realty
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