Listing Snapshot

About This Home

Palm Drive Trailer Park presents a compelling Value Add investment opportunity located just 4 miles from downtown Okeechobee, offering residents convenient access to local services, retail, and employment centers. The property consists of 24 pad sites situated along 36th Avenue, a publicly maintained city street, ensuring dependable infrastructure and municipal service access. The park is also canal-front, with direct water access to Lake Okeechobee. Ownership has recently experienced a shift in motivation and has aggressively reduced the asking price, creating a compelling entry point for investors seeking immediate cash flow with future upside in a supply-constrained submarket. Cap Rate 7.0% at asking price. Easy Management. No Repair and Maintenance. Below Market Rent +8.5% Cap Rate

General Features

Property Type

CommercialSale

Sub-type

MultiFamily

Parking

AccessibleParking

Zoning

RR

Utilities

CableAvailable,NaturalGasNotAvailable

Interior Features

Heating

Central,WallFurnace

Cooling

CentralAir,WallWindowUnits

Exterior Features

Community Features

MLS Area

6240 - NW County (OK)

Map

Virtual Tour