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$1,150,000
MLS #F10523905 image #0MLS #F10523905 image #1MLS #F10523905 image #2MLS #F10523905 image #3MLS #F10523905 image #4MLS #F10523905 image #5MLS #F10523905 image #6MLS #F10523905 image #7MLS #F10523905 image #8
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

Property Details

Price:
$1,150,000
MLS #:
F10523905
Status:
Active
Baths:
0
Type:
Commercial
Neighborhood:
6240nwcountyok
Listed Date:
Aug 13, 2025
Lot Size:
41,120,640 sqft / 944.00 acres (approx)
Year Built:
1984
6240nwcountyok

Schools

Interior

Exterior

Financial

Net Operating Income
$79,871
Taxes
$26,444

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Property Summary

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