7650 Highway 78

Okeechobee, FL 34974

$1,799,000
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Cloverport MHP is located minutes from Lake Okeechobee, Kissimmee River and downtown Okeechobee with its dining and shopping, and less than 6 miles from the up-and-coming Bass Pro Resort. The park is a 27 lot/pad and 1 CBS studio apt. complex with laundry facilities. 6 units are park owned, 15 units are tenants owned (lot rent only), 1 unit is financed and there are 6 vacant pads. the complex sits on over 2.5 acres, with three entrances and sub-metered public water & septic. There are 5 brand new...Cloverport MHP is located minutes from Lake Okeechobee, Kissimmee River and downtown Okeechobee with its dining and shopping, and less than 6 miles from the up-and-coming Bass Pro Resort. The park is a 27 lot/pad and 1 CBS studio apt. complex with laundry facilities. 6 units are park owned, 15 units are tenants owned (lot rent only), 1 unit is financed and there are 6 vacant pads. the complex sits on over 2.5 acres, with three entrances and sub-metered public water & septic. There are 5 brand new mobile one bedroom/one bath homes recently delivered and installed, estimated to rent for $1400 per month. The value-add lies in leasing the 6 vacant pads or installing new MH's at a cost of approx. $58,000 per unit providing a 9.5%-10% cap rate with an investment estimated at $348,000.
  1. Listed by Peter Dacko • Media Realty

Amenities

  • Laundry
LISTING UPDATED: 11/26/2024 10:39 AM

Property Details for 7650 Highway 78

StatusActive
MLS #F10449471
Days on Market169
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeCommercial/Industrial / Income/Multi-Family
Year Built1984
Lot Size2.50 AC / 108,900 SF
CountyOkeechobee County

Building Information for 7650 Highway 78

Stories-Residences-Year Built1984Building Size-Lot Size2.50 AC / 108,900 SF

Property Information for 7650 Highway 78

General Information
General Information
  • Information Available: Investment Analysis
  • Street Number Numeric: 7650
  • Street Number: 7650
  • Street Name: Highway 78 W
  • County Or Parish: Okeechobee County
  • Postal Code: 34971
  • City and Location Text: Okeechobee
  • City Postal ID: 34971
Building Information
  • Property Type: Commercial/Industrial
  • Type of Property: Income/Multi-Family
  • Year Built Numeric: 1984
  • Year Built Description: Resale
  • MLS Area: 6240 - NW County (OK)
Virtual Tour / Features / Utilities
Waterfront
  • Water Description: Public Water
Utilities
  • Cooling Description: Central Individual A/C
  • Heating Description: Central Individual A/C
  • Sewer Description: Public Sanitation
Property / Lot Information
Building Information
  • Unit Count: 0
  • Zoning Information: RR
Community Information
  • Common Area Maint Amount: $11,520
  • Common Area Maint Includes: Water
  • Property Management: No
Location Information
  • Area: 6240 - NW County (OK)
  • Directions: *****DOWNLOAD OFFER MEMORANDUM FOR DETAILED PROPERTY DESCRIPTION, RENT ROLL, INCOME & EXPENSES, ETC.******
  • Geographic Area: OK40
  • Parcel Number Free Text: 1-08-38-35-0A00-00017-0000
  • State: FL
Lot Information
  • Approximate Lot Size: 108900
  • Total Acreage: 3
Multi Family Information
Expense Information
  • Source of Expenses: Owner Provided
Income Information
  • Gross Operating Income: $249,810
  • Gross Scheduled Income: $194,700

Property History for 7650 Highway 78

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 7650 Highway 78

Taxable ValueLand$297,791Additions$19,625Total$317,416
Tax Record2023$10,698 ($891 / month)
Home Facts
Beds0Total Finished SqFt674 SqFtAbove Grade Finished SqFt674 SqFtLot Size96,093 SqFtStyleSingle Family ResidenceYear Built1984CountyOKEECHOBEEAPN1-08-38-35-0A00-00017-0000

Schools near 7650 Highway 78

This home is within Okeechobee.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
South Elementary School
PublicPK to 6

Osceola Middle School
Public6 to 8

Okeechobee High School
Public9 to 12

Okeechobee Virtual Instruction Program
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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7650 Highway 78 is a multi-family home for sale in Okeechobee, FL 34974. This property was listed for sale on July 5, 2024 by Media Realty, it's currently listed at $1,799,000. It has been on the market for a total of 169 days and was last sold on May 7, 2018. This listing's school district is Okeechobee. Nearby schools include South Elementary School, Osceola Middle School and Okeechobee High School. 7650 Highway 78 is a 0-bed, 0-bath, multi-family home built in 1984.

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Listing Courtesy of Media Realty

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.