408 NW 10th Avenue, Okeechobee, FL 34974 — MLS photo

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408 NW 10th Avenue, Okeechobee, FL 34974

Active · SingleFamilyResidence

$142,900

408 NW 10th Avenue, Okeechobee, FL 34974

Beds
3
Baths
1
Living area
1,036 sq ft
$ / sq ft
$138/sq ft
Year built
1959
Lot size
—
HOA fee
—
Annual tax
$1,855

About this property

THE EXPENSIVE WORK IS DONE—BRING YOUR VISION! Whether you are a buyer looking to build equity in your own home or an investor seeking a profitable value-add property with great tenant appeal, 408 NW 10th Ave is the perfect blank canvas. The major structural expenses have already been handled: a NEW 2024 ROOF for insurance peace of mind, an updated bathroom (2023), and new hardwood floors throughout. The kitchen and living areas are simply waiting for your cosmetic updates. Situated on a massive 10,497 sq ft corner lot with zero HOA, there is ample room to park your boat and RV, or expand the footprint. Enjoy city water/sewer, paved roads, and a prime location just a block from downtown and steps from Flagler Park. Don't miss this opportunity to buy a solid home at a great price!

Property location

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408 NW 10th Avenue, Okeechobee, FL 34974

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Facts & features

Interior

Bedrooms
3
Bathrooms
1
Living area
1,036 sq ft
Flooring
Hardwood, Wood
Appliances
Built In Oven, Electric Range, Electric Water Heater, Self Cleaning Oven
Cooling
Ceiling Fans, Wall Window Units
Heating
None
Interior features
Bedroom On Main Level, Kitchen Dining Combo, Main Living Area Entry Level
Furnished
Unfurnished

Exterior & Structure

Property type
SingleFamilyResidence
Year built
1959
Stories
1
Architectural style
Ranch, One Story
Roof
Metal
Construction
Frame, Stucco
Exterior features
None
Pool
None
View
Garden

Parking

Covered spaces
0
Parking features
Driveway

HOA, Community & Financials

Association fee
$0
Pets allowed
No
Annual tax
$1,855
Subdivision
OKEECHOBEE
County
Okeechobee
Days on market
177
MLS listing ID
B26021447
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

$1,100

Cap rate
14.9%
Net yield
14.9%
Cash-on-cash return
33.0%
Gross yield
19.0%
Mortgage payment
$677/mo
Down payment
$35,725
Loan amount
$107,175
Annual NOI
$21,331

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