Interior
- Bathrooms
- 0
- Cooling
- Central Air
- Heating
- Central
Active · CommercialSale
$525,000
3431 38th Avenue, Okeechobee, FL 34974
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- —
- Lot size
- 35,327 sq ft
- HOA fee
- —
- Annual tax
- $3,771
About this property
Attention Investors! Great Income Producer! 5 unit Mobile home park, Nicely landscaped on an .81 acre lot, only a mile away from Lake Okeechobee! Electric is individually metered, 4 septic tanks onsite, city water, one water meter, Low expenses, fenced, central ac/heat, newer metal roofs, approx 4 years old. All mobile homes are park owned! #1 three bedroom 2 bath doublewide, #3 Two bedroom 1 baths singlewides, and an RV. (Also available is a 3 unit mobile home rental property with a nursery on site, if a package sale is desired for more income production. That property is two parcels north) SELLER FINANCING AVAILABLE! CALL TODAY FOR A SHOWING!
Property location
Get Directions3431 38th Avenue, Okeechobee, FL 34974
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Facts & features
Exterior & Structure
- Property type
- CommercialSale
- Lot size
- 35,327 sq ft
- Roof
- Metal
- Exterior features
- Fence
Parking
- Covered spaces
- 0
HOA, Community & Financials
- Annual tax
- $3,771
- County
- Okeechobee
- Days on market
- 970
- MLS listing ID
- F10425597
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$510
- Cap rate
- 4.5%
- Net yield
- 4.5%
- Cash-on-cash return
- -4.2%
- Gross yield
- 6.6%
- Mortgage payment
- $2,489/mo
- Down payment
- $131,250
- Loan amount
- $393,750
- Annual NOI
- $23,744
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.