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7650 Highway 78 W, Okeechobee, FL 34971
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$1,699,900
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Home Details for 7650 Highway 78 W
Price
$1,699,900
Type
Commercial/Industrial
Year Build
1984
Lot Size
2.5
County
Okeechobee
MLS®️ Listing#
F10449471
On exitrealty.com
267 days
Property 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.
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Listing Courtesy: Media Realty - 954-923-2325
All listings featuring the BMLS logo are provided by Beaches MLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright 2025 Beaches Multiple Listing Service, Inc. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing broker's offer of compensation is made to participants of BeachesMLS, where the listing is filed, as well as participants of MLSs participating in MLSAdvantage or a data share with BeachesMLS.
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$1,699,900
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EXIT TWOANDAHALFMEN REAL ESTATE
1531 SE Port Saint Lucie Blvd, Port St. Lucie, FL 34952