About This Property

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

Key Features

• 41,120,640 sq ft Lot
• Built in 1984

Property Details

• Type: Single Family Home
• Year Built: 1984
• Lot Size: 944.00 Acres
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 41,120,640 sq ft Lot
• Feature: Built in 1984
• Status: Active
• MLS Number: 1130199934
• Days on Market: 411
• Listed By: MLS Listing
• Zip Code: 34947