6725 NE 8th Lane, Okeechobee, FL 34974 — MLS photo

Get More Info About This Property

6725 NE 8th Lane, Okeechobee, FL 34974

Active · SingleFamilyResidence

$129,900

6725 NE 8th Lane, Okeechobee, FL 34974

Beds
3
Baths
2
Living area
1,512 sq ft
$ / sq ft
$86/sq ft
Year built
2000
Lot size
—
HOA fee
—
Annual tax
$1,012

About this property

INVESTOR SPECIAL, PRICED BELOW MARKET FOR A QUICK CLOSE. Rare 0.46-acre double lot with two entrances, backing up to a preserved sanctuary. Needs TLC. It has a newer recent roof. So many options: separate the second lot and build, or add a pad to rent to a tiny home or camper for extra income. 3-bed, 2.5-bath manufactured home on a permanent foundation in Four Seasons Estates, with 1,512 sq ft living and 2,688 sq ft under roof. Roof installed 2022. Needs some TLC, great for flippers and handymen. Inspection report available. Clear title and ready to close. Buyer to verify zoning and permitted uses with county. Looking for quick sale. When deciding on a home keep in mind all infrastructure is complete. That is about 30,000. This home is priced at $86/sq ft. Land value is at about 100,000. Property consists of two combined parcels (Lots 121D & 124D) currently taxed as one. Zoned RM (Residential Mixed) with Rural Activity Center future land use, offering excellent flexibility for additional structures or expansion. New roof installed 2022. Property is being sold in as-is condition. Buyers and their agents to verify all zoning, density, and building regulations directly with Okeechobee County planning department. It is the responsibility of buyer and agent to check this information. PRICED TO SELL. This is a home with potential and a little money invested you have a great home and value. Asking price is lower than appraisal.

Property location

Get Directions

6725 NE 8th Lane, Okeechobee, FL 34974

Loading property location…

Facts & features

Interior

Bedrooms
3
Bathrooms
2
Living area
1,512 sq ft
Flooring
Carpet, Hardwood, Other, Parquet, Tile, Wood
Appliances
Some Gas Appliances, Built In Oven, Dryer, Dishwasher, Gas Range, Ice Maker, Microwave, Other, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air, Ceiling Fans, Other
Heating
Other
Interior features
Bedroom On Main Level, Closet Cabinetry, Eat In Kitchen, Main Living Area Entry Level, Other, Walk In Closets

Exterior & Structure

Property type
SingleFamilyResidence
Year built
2000
Stories
1
Architectural style
Other, One Story
Roof
Other
Construction
Other
Exterior features
Enclosed Porch, Other
Pool
None
Waterfront
None

Parking

Covered spaces
1
Parking features
Attached, Driveway, Garage, Rv Access Parking

HOA, Community & Financials

Association fee
$0
Security
Other
Pets allowed
No
Annual tax
$1,012
Subdivision
FOUR SEASONS ESTATES
County
Okeechobee
Days on market
118
MLS listing ID
B26032600
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

$1,971

Cap rate
23.9%
Net yield
23.9%
Cash-on-cash return
65.0%
Gross yield
28.4%
Mortgage payment
$616/mo
Down payment
$32,475
Loan amount
$97,425
Annual NOI
$31,041

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