2357 NW 32 Drive, Okeechobee, FL 34972 — MLS photo

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2357 NW 32 Drive, Okeechobee, FL 34972

Active · MixedUse

$990,000

2357 NW 32 Drive, Okeechobee, FL 34972

Beds
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Baths
0
Living area
— sq ft
$ / sq ft
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Year built
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Lot size
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HOA fee
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Annual tax
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About this property

APPROVED BUILDING SITE FOR 78 TOWNHOME UNITS! Make this your investment. Within 15 minutes to Lake Okeechobee walking trails, restaurants, hospital, and schools! The road frontage on this property equals out to MORE than 600 ft when all the parcels are combined. This is a complete land package totaling THREE parcels. Parcel One: 1-07-37-35-0A00-00002-0000; Parcel Two: 1-07-37-35-0A00-00026-0000; Parcel Three: 1-07-37-35-0A00-00039-0000 This is a developing area. Direct access to Hwy 98 which is a main arterial road to this thriving and growing community, famous for it world renowned Bass fishing. The Okeechobee Airport is 1.2 Miles away.

Property location

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2357 NW 32 Drive, Okeechobee, FL 34972

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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
R11095991
Listing status
Active

Investment intelligence

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

-$1,938

Cap rate
3.3%
Net yield
3.3%
Cash-on-cash return
-8.4%
Gross yield
6.6%
Mortgage payment
$4,693/mo
Down payment
$247,500
Loan amount
$742,500
Annual NOI
$33,066

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