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7650 Highway 78, Okeechobee, FL
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$1,350,000
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Home Details for 7650 Highway 78
Price
$1,350,000
Type
Commercial/Industrial
Year Build
1984
Lot Size
2.5
County
Okeechobee
Tax
$15,000
MLS®️ Listing#
F10449471
On exitrealty.com
391 days
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. *****DOWNLOAD OFFER MEMORANDUM FOR DETAILED PROPERTY DESCRIPTION, RENT ROLL, INCOME & EXPENSES, ETC.******
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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 2026 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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$1,350,000
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