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

$1,299,985

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$1,299,985
Price Change
▼ $2 1785202366
MLS#
M20054730
Status
ACTIVE
County
Okeechobee
City
Okeechobee
Subdivision
Okeechobee
Acres
1.39

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

Days on Market
145
Year Built
1972
Stories
1
Cooling
Central Air
Heating
Central, Electric, Individual
Parking Spaces
100

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Miami Waterfront Realty. Contact: 305-970-2884