For Sale
$1,400,000

8042 Hwy 441 Okeechobee, FL 34974

14-Unit Florida RV Park, High Cap Rate

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional 14-unit RV park is situated on the scenic Rim Canal of Lake Okeechobee, Florida's largest freshwater lake. Boasting a strong 11% capitalization rate, this turnkey investment property offers a substantial net operating income of $156,651, derived from a gross income of $166,800. Located in an Opportunity Zone, this property presents significant investment potential. The park features well water and five septic tanks. Its convenient location offers easy access to amenities such as Dollar General, convenience stores, and gas stations, all within walking distance. Adjacent to a Florida Fish and Wildlife Conservation Commission park, the property enjoys a prime location on a wide canal. This established business is ready for immediate income generation, presenting a rare opportunity for a savvy investor seeking a high-return, low-maintenance investment in a desirable location. The property is listed at $1,400,000. The address is 8042 HWY 441 SE, Okeechobee, FL 34974.

Highlights

  • 14-unit RV park on Lake Okeechobee's Rim Canal, offering a strong 11% capitalization rate and $156,651 NOI.
  • $1,400,000 asking price, generating $166,800 gross income.
  • Located in an Opportunity Zone, offering significant tax advantages.
  • Features well water and five septic tanks.
  • Conveniently located near amenities and a Florida Fish and Wildlife Conservation Commission park.
  • Turnkey operation with immediate income potential.

Property Details for 8042 Hwy 441

Property type
Mobile home & RV parks
Units
14

Location Insight

City
Okeechobee
County
Okeechobee
State
Florida
Latitude
27.1862197
Longitude
-80.7424984

FAQs

What type of property is this?
Mobile home & RV park - 14-Unit Florida RV Park, High Cap Rate
Where is the mobile home & rv park located?
The property is located at 8042 Hwy 441 Okeechobee, FL.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 14-unit RV park on Lake Okeechobee's Rim Canal, offering a strong 11% capitalization rate and $156,651 NOI.; $1,400,000 asking price, generating $166,800 gross income.; Located in an Opportunity Zone, offering significant tax advantages.
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8042 Hwy 441
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