Address: 5806 Us Highway 441, Okeechobee, FL 34974
Description
Excellent income producing property with multi family zoning and significant room for expansion! Currently generating $72,000/year in income with a NOI of $59,000, this property boasts a Cap Rate of over 10%a rare find! The property includes a single family home plus two additional separate rental buildings and RV spaces, all sitting on over an acre of waterfront land along the Taylor Creek Canal with direct access to Lake Okeechobee and the ocean. Recent upgrades include a new electric system, new well, and a 15 year silicone coated roof for low maintenance durability. Whether you're looking for a solid investment opportunity or a primary residence with income potential, this property checks all the boxes. Dont miss out!
Excellent income producing property with multi family zoning and significant room for expansion! Currently generating $72,000/year in income with a NOI of $59,000, this property boasts a Cap Rate of over 10%a rare find! The property includes a single family home plus two additional separate rental buildings and RV spaces, all sitting on over an acre of waterfront land along the Taylor Creek Canal with direct access to Lake Okeechobee and the ocean. Recent upgrades include a new electric system, new well, and a 15 year silicone coated roof for low maintenance durability. Whether you're looking for a solid investment opportunity or a primary residence with income potential, this property checks all the boxes. Dont miss out!
Features
Building and Construction
Exterior Features: Other
Flooring: Tile
Roof: Wood, Other
Garage and Parking
Parking Features: Driveway
Utilities
Cooling: Central Air
Heating: Central, Electric, Natural Gas
Pets Allowed: Yes
Road Frontage Type: Public Road
Amenities
Association Amenities: Boating
Finance and Tax Information
Tax Year: 2024
Other Features
Appliances: Dryer, Electric Range, Refrigerator, Washer
Interior Features: Other
Legal Description: A PARCEL OF LAND LYING IN SECTION 6, TOWNSHIP 38 SOUTH, RANGE 36 EAST, OKEECHOBEE COUNTY, FLORIDA. BEING A PORTION OF THOSE LANDS DESCRIBED
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