For Sale
$1,649,900

14725 1St StOkeechobee, FL 34972

17-Unit Multifamily Property in Florida

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 17-unit multifamily property presents a compelling investment opportunity in the tranquil town of Okeechobee, Florida. Located at 14725 NW 1st Street, 34972, this single-story, 1966-built complex offers significant potential for income generation and growth. The property boasts a total of 17 units, providing a substantial rental base. Beyond the core multifamily units, the property encompasses a remarkable 4 acres of land, further enhancing its value and versatility. This expansive acreage includes 11 boat docks, 2 acres dedicated to recreational activities, complete with picnic tables, and ample parking. Additional amenities cater to residents and guests alike, featuring public bathrooms with showers, boat ramps, outdoor grills, and a designated WIFI area. Further adding to the income potential are three houses and eleven RVs included in the sale, along with three additional RV spaces available for rental. This unique combination of residential units and recreational amenities creates a highly attractive and potentially lucrative investment opportunity in a desirable Florida location. The property's established infrastructure and existing rental income stream provide a solid foundation for future growth and profitability. This is a rare chance to acquire a well-established, income-producing property with significant upside potential in a peaceful, small-town setting.

Highlights

  • 17-unit multifamily property in Okeechobee, FL.
  • Located at 14725 NW 1st Street, 34972.
  • Single-story building, constructed in 1966.
  • 4-acre lot with 11 boat docks.
  • Includes 3 houses and 11 RVs, plus 3 additional RV spaces.
  • Recreational amenities include picnic tables, public bathrooms with showers, boat ramps, grills, and a WIFI area.

Property Details for 14725 1St St

Property type
Year Built
1966
Stories
1
Units
17

Location Insight

City
Okeechobee
County
Okeechobee
State
Florida
Latitude
27.2448526
Longitude
-80.9799628
14725 1St St, Okeechobee, Florida

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14725 1St St
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