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$578,000
Est. payment /mo
1.17 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family, Commercial
Sub Type Income/Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID F10528339
Total Fin. Sqft 51000
Year Built 1997
Annual Tax Amount $6,877
Tax Year 2024
Lot Size 1.171 Acres
Property Sub-Type Income/Multi-Family
Property Description
Excellent income-producing property with multi-family zoning and significant room for expansion! Currently generating $72,000/year in income with a Net Operating Income (NOI) of $59,000, this property boasts a Cap Rate of over 10%—a rare find! The property includes a single-family home plus two additional separate rental buildings and RV spaces, all sitting on over an acre of waterfront land along the Taylor Creek Canal with direct access to Lake Okeechobee and the ocean. Recent upgrades include a new electric system, new well, and a 15-year silicone-coated roof for low-maintenance durability. Whether you're looking for a solid investment opportunity or a primary residence with income potential, this property checks all the boxes. Don't miss out!
Location
State FL
County Okeechobee County
Area Ok20
Others
Virtual Tour https://www.propertypanorama.com/5806-US-Highway-441-Okeechobee-FL-34974/unbranded
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Listed by RE/MAX Select Group
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