207 SE 6th Ave - Multi-Family FOR SALE


Okeechobee, FL 34974
$989,000 USD
786-460-0889
207 SE 6th Ave, Okeechobee, FL for Sale
$989,000 USD
Multi-Family - FOR SALE
1/29
null | Request Cap Rate

207 SE 6th Ave
Okeechobee, FL 34974


HIGHLIGHTS

  • Significant Lease-Up Opportunity – Majority of Units Delivered Vacant
  • Immediate Mark-to-Market Rent Potential at Acquisition
  • Day-One Value Creation - No Tenant Displacement Required
  • Below-Stabilized Operations with Clear Path to Income Growth
  • Waterfront on Taylor Creek – Direct access to Lake Okeechobee
  • ~1,000 SF Waterfront Deck – Premium outdoor living amenity

OVERVIEW

Apex Capital Realty is pleased to present 207 SE 6th Avenue, a four-unit multifamily investment offering an uncommon combination of downtown walkability and direct waterfront access in Okeechobee, Florida. The property sits two blocks from Flagler Park and the restaurants, boutiques, and storefronts of Park Street, with Taylor Creek’s waterfront and Lake Okeechobee just minutes east along 6th Avenue. Constructed in 1988 on a 21,475 SF waterfront lot, the well-maintained 3,873 SF building features a metal roof replaced five years ago, a ±1,000 SF deck overlooking the creek, and a 6’ x 30’ concrete seawall offering potential for a future boat dock or slip. The investment thesis is anchored by a clear value-add path: since the majority of units are delivered vacant, a new owner can execute lease-up at current market rents capturing immediate operational control, NOI growth, and meaningful upside in stabilized asset value, without rehab risk or inherited tenant constraints. 207 SE 6th Avenue is a rare entry point combining durable cash flow, defined upside, and a hard-to-replicate location profile in a tightly held submarket.

FOR SALE DETAILS

PRICE

$989,000 USD

PRICE/SF

$255 USD /SF

# OF UNITS

4

PRICE/UNIT

$247,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

SHORECREST OF OKEECHOBEE

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1988

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.49 AC

LAND SF

21,475 SF

ZONING

-

APN/PARCEL ID

R3-21-37-35-0020-02520-00I0

ASK ABOUT THIS PROPERTY

William MignucciApex Capital Realty LLCMore Info
786-460-0889

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William MignucciApex Capital Realty LLCMore Info
786-460-0889

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.