For Sale
$2,300,000

0 Hwy 441Okeechobee, FL 34974

High-Yield RV Park Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional Okeechobee, FL RV park presents a lucrative investment opportunity. The 1.06-acre property boasts a 100% occupancy rate, generating a robust gross income of $242,688 and a net operating income (NOI) of $208,957, resulting in an impressive 9% capitalization rate. The well-maintained park features a diverse mix of RV lots, mobile homes, and apartment buildings, catering to a broad range of residents and guests. Infrastructure includes a well and three efficient septic systems. Conveniently located near amenities such as Dollar Generals and convenience stores, the park benefits from its proximity to Okeechobee's approximately 43,000 residents and the exciting development potential of nearby projects, including a Bass Pro Resort and a new casino and resort in Brighton, FL (a short 30-minute drive). The property offers significant potential for added value through the addition of coin-operated laundry facilities, further enhancing rental income. A significant advantage is the inclusion of one year of full-time property management as part of the sale, ensuring a seamless transition for the new owner. The asking price is $2,300,000. This turnkey operation is a true cash-generating asset.

Highlights

  • $2,300,000 asking price, 9% cap rate, and $208,957 NOI.
  • 100% occupied RV park with a mix of RV lots, mobile homes, and apartment buildings.
  • Excellent Okeechobee, FL location near amenities and future developments like a Bass Pro Resort and casino/resort.
  • Includes one year of full-time property management.
  • Potential for added value through coin-operated laundry.

Property Details for 0 Hwy 441

Property type
Mobile home & RV parks, Campgrounds
Lot Size (sq. ft)
46,174 SF

Location Insight

City
Okeechobee
County
Okeechobee
State
Florida
Latitude
27.1299246
Longitude
-80.6842759
Hwy 441, Okeechobee, Florida

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0 Hwy 441
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