Basic Information

  • MLS # F10449471
  • Type Multi Family
  • Status Active
  • Year Built 1984
  • Date Listed 07/05/2024
  • Days on Market 352
Description

Cloverport 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. The park is a 27 lot/pad and 1 CBS studio apt. complex with laundry facilities. 6 units are park owned, 15 units are tenants owned (lot rent only), 1 unit is financed and there are 6 vacant pads. the complex sits on over 2.5 acres, with three entrances and sub-metered public water & septic. There are 5 brand new mobile one bedroom/one bath homes recently delivered and installed, estimated to rent for $1400 per month. The value-add lies in leasing the 6 vacant pads or installing new MH's at a cost of approx. $58,000 per unit providing a 9.5%-10% cap rate with an investment estimated at $348,000.

Amenities

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Multi Family

Interior Features

  • Adjusted Sqft N/ASq.Ft
  • Cooling Description Central Air
  • Heating Description Central
  • Sqft N/A Sq.Ft

Property Features

  • Address 7650 Highway 78th W
  • City Okeechobee
  • County Okeechobee
  • Furnished Info no
  • Listing Terms Cash
  • Postal City Okeechobee
  • Sewer Description Public Sewer
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $0
  • Tax Year 0
  • Terms Considered Cash
  • Type of Property Multi Family
  • Water Source Public
  • Year Built Details Resale

7650 Highway 78th W

Okeechobee, FL 34971

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