About N/A
Palm Drive Trailer Park presents a compelling Value Add investment opportunity located just 4 miles from downtown Okeechobee, offering residents convenient access to local services, retail, and employment centers. The property consists of 24 pad sites situated along 36th Avenue, a publicly maintained city street, ensuring dependable infrastructure and municipal service access. The park is also canal-front, with direct water access to Lake Okeechobee. Ownership has recently experienced a shift in motivation and has aggressively reduced the asking price, creating a compelling entry point for investors seeking immediate cash flow with future upside in a supply-constrained submarket. Cap Rate 7.0% at asking price. Easy Management. No Repair and Maintenance. Below Market Rent +8.5% Cap Rate
Features of N/A
| MLS® # | F10523905 |
|---|---|
| Price | $1,150,000 |
| Acres | 944.00 |
| Year Built | 1984 |
| Type | Commercial Sale |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | N/A |
|---|---|
| City | Okeechobee |
| State | FL |
| Zip Code | 34947 |
Amenities
| Utilities | Cable Available, Natural Gas Not Available |
|---|---|
| Parking | Accessible Parking |
Interior
| Heating | Central, Window/Wall |
|---|---|
| Cooling | Wall/Window Unit(s), Central Individual |
Additional Information
| Zoning | RR |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Media Realty |
|---|