Okechobee Mobile Home Park
BUY
2,300,000
Property Description
100% Occupied! Full-time Management for 1 Year Included in Sale!
Discover an exceptional turn-key investment opportunity with this meticulously maintained RV park nestled along the enchanting Okeechobee Rim Canal. The park is 100% occupied, ensuring immediate returns. With a robust gross income of $242,688 and a net income of $208,957.48, delivering an impressive 9% CAP rate, this property guarantees substantial profitability.
The infrastructure includes a well and three efficient septic systems. The property features a mix of apartment buildings, RV lots, and mobile homes, catering to both guests and residents. Situated in Okeechobee, home to approximately 43,000 residents and renowned for prime bass fishing, this park is perfectly positioned for success.
Exciting nearby developments, such as the upcoming Bass Pro Resort and a new Casino and Resort in Brighton, FL, just a 30-minute drive away, promise both immediate and long-term growth potential. The RV park is within walking distance of multiple Dollar Generals, convenience stores, and more.
This property offers room for added value with hook-ups for coin laundry and potential for additional rental income. The sale includes a full-time property manager for 1 year.
Additional features include:
22 mobile home sites
5 RV sites
Laundry facilities
Electric billed to tenants
New septic installed in 2022
Waterfront with dock
Park located minutes from town and within walking distance to convenience stores
Lot size: 1.31 acres
Built in 1984
Don't miss out on this lucrative opportunity!
Bedrooms
22
Levels
1
Bathrooms
22
Built Year
1986
Sqft
63340
Main Location
Okeechobee, FL US
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