8042 Hwy 441Okeechobee, FL 34974
- Residential income properties
Property Details for 8042 Hwy 441
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
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.
Location Insight
- City
- Okeechobee
- County
- Okeechobee
- State
- Florida
- Latitude
- 27.1862
- Longitude
- -80.7425
Comparable in this City
Similar Nearby for Sale
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