3307 36th Ave - Manufactured Housing/Mobile Housing FOR SALE


Okeechobee, FL 34974
$1,150,000 USD
954-923-2325
3307 36th Ave, Okeechobee, FL for Sale
$1,150,000 USD
Manufactured Housing/Mobile Housing - FOR SALE
1/7
null | 6.95% Cap Rate

3307 36th Ave
Okeechobee, FL 34974


HIGHLIGHTS

  • The mobile homes are on a city maintained street
  • Lots are individually plotted
  • The mobile homes back a n access canal to the lake
  • Well maintained mobile homes and stable tenant base
  • $146,535 Scheduled Gross Income; $79,871 NOI

OVERVIEW

Palm Drive Trailer Park presents a compelling value add investment opportunity located just 4 miles (approximately a 10-minute drive) from downtown Okeechobee, offering residents convenient access to local services, retail, and employment centers. This close proximity provides the park with a distinct competitive advantage within the Okeechobee market. The property consists of 24 pad sites rented on a month-to-month basis and is situated along 36th Avenue, a publicly maintained city street, ensuring dependable infrastructure and municipal service access. The park is also canal-front, with direct water access to Lake Okeechobee, one of Florida’s premier recreational and fishing destinations. This waterfront setting enhances tenant appeal while contributing intrinsic long-term value to the asset. Ownership has recently experienced a shift in motivation and has aggressively reduced the asking price, creating a compelling entry point for investors seeking immediate cash flow with future upside in a supply-constrained submarket. View attached OM for rent roll and all income and expenses. Owner will entertain all offers Gamma presentation https://gamma.app/docs/Palm-Drive-RV-Park-Investment-Opportunity-csf5iy9cneufysv 3307 & 3611 SE 36 Ave

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$48 USD /SF

# OF UNITS

24

PRICE/UNIT

$47,917

CAP RATE

6.95%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Palm Drive Trailer Park

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

R1-25-37-35-0050-00040-0650

ASK ABOUT THIS PROPERTY

Peter DackoMedia RealtyMore Info
954-923-2325

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Peter DackoMedia RealtyMore Info
954-923-2325

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