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7555 710 Highway

Okeechobee, FL 34974
  • $2,750,000
  • STATUS: Active
  • ON SITE: 53 days
  • MLS #: OK220130
UPDATED: 36 min ago
$2,750,000
  • 0
    BEDS
  • 7.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

Commercial Multi-family 7.7+/- Acres on Highway 710 6.5 miles south of Okeechobee. The property consists of (15) 3Bed/1Ba Single Family Homes, ( 1) 5 Bed/2Bath home and a large storage building. Buildings are CBS, all new stucco, new roofs, new or updated plumbing and electric, new tile floors and new appliances. Currently, the property is leased to one Lessee who pays $257,000 per year and does all the maintenance. The Net Income is $229,256 per year. The rent has not been raised in 5 years. The property is zoned multifamily with FLU industrial. The current Lessee would like to renew.

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© 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-06-16T13:40:56.96.
www.searchsarasotahomes.com/homes/116417352
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7555 710 Highway Okeechobee, FL 34974

  • Price: $2,750,000
  • Status: Active
  • Updated: 36 min ago
  • MLS #: OK220130
0
Beds
0
Baths
0
½ Baths
7.7
Acres
1960
Built
Neighborhood:
Okeechobee
County:
Okeechobee
Area:
Okeechobee
Property Description
Commercial Multi-family 7.7+/- Acres on Highway 710 6.5 miles south of Okeechobee. The property consists of (15) 3Bed/1Ba Single Family Homes, ( 1) 5 Bed/2Bath home and a large storage building. Buildings are CBS, all new stucco, new roofs, new or updated plumbing and electric, new tile floors and new appliances. Currently, the property is leased to one Lessee who pays $257,000 per year and does all the maintenance. The Net Income is $229,256 per year. The rent has not been raised in 5 years. The property is zoned multifamily with FLU industrial. The current Lessee would like to renew.
Exterior Features

Construction Materials Block Foundation Details Slab Roof MetalShingle Water Access Yn No Water Extras Yn No Waterfront Feet Total 0 Waterfront Yn No

Interior Features

Cooling None Flooring Tile Sewer Private Sewer Stories Total 1 Water Source Well

Property Features

Additional Parcels Yn No Annual Expenses 18744 Disclosures Lead Paint Flood Zone Code X Listing Terms CashConventional Net Operating Income 229256 New Construction Yn No Property Condition Completed Property Sub Type Multi-Family Special Listing Conditions None Tax Annual Amount 18744.00 Tax Year 2020 Total Num Buildings 17 Zoning Multi-Fami


Listing information © 2021 My Florida Regional MLS DBA Stellar MLS..
Listing provided courtesy of Katie Mcfarland Llc.



© 2021 My Florida Regional MLS DBA Stellar MLS. All rights reserved. All listings displayed pursuant to IDX. All listing information is deemed reliable but not guaranteed and should be independently verified through personal inspection by appropriate professionals. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided for consumers personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Data last updated 2021-06-16T13:40:56.96.
 
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3355 Clark Rd. Suite 103
Sarasota FL, 34231