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$990,000
Cloverport mobile home park is a 27 lot/pad and one cbs studio complex with laundry facilities rented on an annual basis. all units are tenant owned, park sits on over 2.5 acres, with three entrances, sub-metered public water & septic. currently there are 11 vacant lots, each having electric and sanitation hookups. the value-add for this opportunity is providing mobile homes on the vacant lots increasing the capitalization rate to 9.2% with a capital expense $599,500. see offer memorandum attached to mls 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. currently there are 2 mobile homes that were purchased by the tenants, each paying $600/mth.Commercial - for Sale
7650 HWY 78 W, OKEECHOBEE, FL 34972
Asking Price$990,000
Share by:
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Days on market:
161 day(s) -
MLS:
F10393738 -
Property Type:
Commercial
