Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
1984
Sq.Footage
0
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 & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Wall/Window Unit(s)
-
Heating YN
YES
-
Heating
Central, Wall Furnace
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Lot Size(acres)
944.0
-
Property Type
Commercial Sale
-
Property Sub Type
Multi Family
Price
-
Sales Price
$1,150,000
-
Tax Amount
$26,444
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Sewer
Septic Tank
-
Water Source
Public
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Location
County
Okeechobee
Elementary School
Middle School
High School
Listing Courtesy of Peter Dacko III , Media Realty
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