314-479-1646
2800 NE 5th Trl, Okeechobee, FL for Sale
Manufactured Housing/Mobile Housing - FOR SALE
1/20
null | Request Cap Rate

2800 NE 5th Trl
Okeechobee, FL 34972


HIGHLIGHTS

  • Opportunity Zone - Demographically Aligned – Pine Ridge’s 55+ profile aligns well with local age trends and senior housing demand.
  • Strong Rental Market – With lot rents in competing parks reaching $465+ and high occupancy.
  • Strong concentration of tenant-owned homes and limited comparable parks support resilience against market shifts.
  • Economic Resilience – Income growth and stable employment patterns underpin long-term lot rent sustainability.
  • The community is on city water & sewer; all units are individually metered.
  • 21 of 22 homes are tenant owned, One home is park owned and was fully renovated in 2024. Current tenant pays $1200 a month, lease until December 2025.

OVERVIEW

Call for Offers due by August 28: Pine Ridge Mobile Home Park is a well-maintained, 55+ senior community located in Okeechobee, Florida. The park consists of 22 total lots, with stable, long-term occupancy and consistent cash flow. Currently, 21 of the lots are tenant-owned mobile homes, each paying $450 per month in lot rent. Effective September, lot rent will increase to $465/month, representing an opportunity for immediate income growth. The park owns one home (2 Bed, 1 bath, 750SF), currently rented at $1,200/month until December 3rd, 2025. Pine Ridge offers an attractive blend of steady cash flow, rent growth, and minimal maintenance demands. Ideal for investors seeking a low risk, income producing asset in the demographically aligned market of Okeechobee, FL located in an opportunity zone.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

22

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.98 AC

LAND SF

129,809 SF

ZONING

C

APN/PARCEL ID

R1-14-37-35-0070-00080-0080

ASK ABOUT THIS PROPERTY

John WolfnerTWG - Real Estate Investment Services | BracketMore Info
314-479-1646

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John WolfnerTWG - Real Estate Investment Services | BracketMore Info
314-479-1646

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