7650 Highway 78 W Okeechobee, FL 34971
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyOkeechobee
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site29 Days
- MLS StatusActive
- MLS ID NumberF10449471
- Home Size Source N/A
- Year Built1984
- Lot Size2.5 Acres
- Full BathsN/A
- Partial BathsN/A
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Learn MoreRecent Activity For 7650 Highway 78 W Okeechobee, FL 34971
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| 4 weeks ago |
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General Features
- Sewer Public Sewer
- Acreage 2.5
- Water Public
- Zoning RR
- Property Sub Type Multi Family
Interior Features
- Cooling Central Air
- Heating Central
Community Features
- MLS Area 6240 - NW County (OK)