1422 Us Highway 441 Way SE Unit 32, Okeechobee, FL 34974

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List Price
$1,298,000
Days on Market
244
MLS#
M20054730
Year Built
1972
Acres
1.39
Building Name
32
MLS Area Major
6220 - SE County (OK)

Property Description

Stabilized income producing property. Two parts: Hotel/Motel/Long Term Apartment Building and RV Manufactured Homes Park. Two in One. This is a 9-room motel currently being expanded to 10 rooms, complemented by existing RV/manufactured home lots located to the rear and side of the property. The attached rent roll reflects three recent vacancies that were filled over the weekend with long-term local tenants, stabilizing occupancy.The current owner is in the process of adding seven additional seven (7) RV/manufactured home sites, including electrical and plumbing infrastructure. There is an adjacent portion of land historically utilized for RV placement for over 20 years, though part of that area may involve state ownership. This will require proper due diligence to confirm legal use and future entitlement. If validated, it presents meaningful expansion potential beyond the current footprint. Rent roll is available upon request and signed NDA.FAQ: https://tinyurl.com/4bffzuvx

Additional Information

Taxes
$8,000
Heating
Central, Electric, Individual
Air Conditioning
Central Air
Exterior Construction
Block, Frame, Concrete

Listing courtesy of Miami Waterfront Realty. Contact:

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