Palm Drive Trailer Park presents a compelling Value Add investment opportunity located just 4 miles from downtown Okeechobee, offering residents convenient access to local services, retail, and employment centers. The property consists of 24 pad sites situated along 36th Avenue, a publicly maintained city street, ensuring dependable infrastructure and municipal service access. The park is also canal-front, with direct water access to Lake Okeechobee. Ownership has recently experienced a shift in motivation and has aggressively reduced the asking price, creating a compelling entry point for investors seeking immediate cash flow with future upside in a supply-constrained submarket. Cap Rate 7.0% at asking price. Easy Management. No Repair and Maintenance. Below Market Rent +8.5% Cap Rate
944 Private Acres Lot Size
commercial
$2,204 Monthly Tax
Built in 1984
MLS/Listing ID F10523905
24 Units
Cooling - Wall/window unit(s)
Cooling - Central Air
Heating - Wall Furnace
Septic System
Public Water
TOTAL MONTHLY COST
$0
$0
$0