3321 38th Avenue, Okeechobee, FL 34974 — MLS photo

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3321 38th Avenue, Okeechobee, FL 34974

Active · MixedUse

$399,000

3321 38th Avenue, Okeechobee, FL 34974

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About this property

TWO FOR ONE! A Beautiful Nursery and 3 rental Income properties on site. 1.34 acres located 1 mile from Lake Okeechobee! one doublewide with screen room, one singlewide with porch, and an park model with porch. Metal roofs are approximately 4 years old, City water, 2 private septic's. Fenced, central ac/heat on 2 of the units, a window unit on the park model. Nursery has many mature fruit trees, a variety of mature palm trees, and various plants and shrubs. A must see! Run your business, and live on site, AND produce rental income! Or sell off nursery inventory and enjoy your rental income! Call today for a private showing. (an additional 5 unit mobile home park is for sale two parcels down, we can do a package sale if desired) SELLER FINANCING AVAILABLE! MOTIVATED SELLER. DO NOT DISTURB TENANTS. ADDITIONAL parcel available two lots SOUTH-A 5 unit MH park for 575K .. A Package sale is an option. Also, a 7 unit park is available adjoining the 5 unit park property. Could have a nice portfolio if all three parks were purchased!

Property location

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3321 38th Avenue, Okeechobee, FL 34974

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
MixedUse

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Okeechobee
MLS listing ID
F10425611
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$780

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$1,891/mo
Down payment
$99,750
Loan amount
$299,250
Annual NOI
$13,332

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.