$1,150,000

Address unavailable.

  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1984
  • Property Lot Size Icon944acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 7 months ago

Property Description

Palm Drive Trailer Park presents a compelling Value Add investment opportunity located just 4 miles from downtown Okeechobee, offering residents convenient access to local services, retail, and employment centers. The property consists of 24 pad sites situated along 36th Avenue, a publicly maintained city street, ensuring dependable infrastructure and municipal service access. The park is also canal-front, with direct water access to Lake Okeechobee. Ownership has recently experienced a shift in motivation and has aggressively reduced the asking price, creating a compelling entry point for investors seeking immediate cash flow with future upside in a supply-constrained submarket. Cap Rate 7.0% at asking price. Easy Management. No Repair and Maintenance. Below Market Rent +8.5% Cap Rate

Listing Status:
Active
Date Added:
August 13, 2025
Data Last Updated:
March 11, 2026 at 3:24PM
Listing Office:
Media Realty : 954-923-2325
Listing Agent:
Peter Dacko III : 954-232-7714
MLS ID:
F10523905
  • A/C: Central Air
  • Originating MLS: BEACH_BEACH
  • County: Okeechobee
  • Zoning: RR1-08-38-35-0A00-00017-0000
  • Utilities: Sewer Available
  • Water: Public
  • Source: BEACH_BEACH
  • Ownership: Corporation

This listing courtesy of Peter Dacko III , Media Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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