5 Acres in Okeechobee, FL - $1,500,000
Nestled on a sprawling 5-acre property, this mobile home park presents an exceptional investment opportunity. The Gross income is $144,000, Net income is $133,085.97 , with a 8% return. Within walking distance to elementary school, and upcoming planned development with an estimated 4,000 units located in close proximity to property. The park boasts a total of 11 units, including five brand new 2024 Fleetwood models. These modern units feature three bedrooms, two bathrooms, and 910 square feet of living space, offering both comfort and style.
Of the 11 units, six are park-owned, providing a steady stream of rental income, while five units are tenant-owned, ensuring no maintenance cost. The property is truly turn-key, equipped with a brand new well, an engineered septic system with new tanks, and a new drain field, ensuring hassle-free maintenance and reliable utilities. Park includes wat...
Of the 11 units, six are park-owned, providing a steady stream of rental income, while five units are tenant-owned, ensuring no maintenance cost. The property is truly turn-key, equipped with a brand new well, an engineered septic system with new tanks, and a new drain field, ensuring hassle-free maintenance and reliable utilities. Park includes water feature( large fully stocked pond) Property is surrounded by large acreage.
Whether you're an investor looking to expand your portfolio or seeking a stable income-generating asset, this mobile home park offers significant potential. The blend of new units and established tenant-owned homes, combined with the property's modern infrastructure, makes this an attractive, low-maintenance investment. Don't miss the chance to own a well-maintained, ready-to-go mobile home park in a prime location.
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