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7650 Highway 78 W Okeechobee, FL $ 990,000
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$ 990,000 Get more info
7650 Highway 78 W
$ 990,000
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Share Save

7650 Highway 78 W

Okeechobee, FL, 34972
$ 990,000
Bedrooms28 Baths0.0

Monthly Estimate*

$ 6,580

7650 Highway 78 W, Okeechobee, FL 34972 - Image 1
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7650 Highway 78 W, Okeechobee, FL 34972 - Image 9
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Commercial Property for sale in Okeechobee, FL

for $990,000 with 28 bedrooms. The lot size is 2.5.

Cloverport Mobile Home Park is a 27 lot/pad and one CBS studio complex with laundry facilities rented on an annual basis. All units are tenant owned, park sits on over 2.5 acres, with three entrances, sub-metered public water & septic. Currently there are 11 vacant lots, each having electric and sanitation hookups. The value-add for this opportunity is providing mobile homes on the vacant lots increasing the capitalization rate to 9.2% with a capital expense $599,500. See Offer Memorandum attached to MLS 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. Currently there are 2 mobile homes that were purchased by the tenants, each paying $600/mth.

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Commercial Active

Price

$ 990,000

Bedrooms

28

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

2.5

Town/City

Okeechobee

County/Region

Okeechobee

MLS | Web ID

F10393738
Features
General
Property Type Commercial/Industrial
Area 6240 - NW County (OK)
Approximate Lot Size 108900
Type of Property Income/Multi-Family
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Interior
Units 28
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Exterior
Acres 2.5000
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* Excluded Features
List By
Media Realty

Broker

mediarealty@earthlink.net

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Affordability Calculator

$6,580
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,580
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
295894 Elementary School
296011 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/9/2023$990,000 -3.41% Price Down
10/4/2023$1,025,000 -6.82% Price Down
8/3/2023$1,100,000 Listed Price

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7650 Highway 78 W, Okeechobee, FL, 34972 is a Commercial Property for sale at $990,000 with a lot size of 2.5. 7650 Highway 78 W has 28 bedrooms and 0.0 baths. The property's zip code is 34972 which is in Okeechobee, FL

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