7555 710 HIGHWAY Pending Save Request In-Person Tour Request Virtual Tour
Okeechobee,FL 34974
Key Details
Property Type Commercial Sale
Sub Type Multi-Family
Listing Status Pending
Purchase Type For Sale
Square Footage 22,460 sqft
Price per Sqft $122
MLS Listing ID OK220130
Year Built 1960
Annual Tax Amount $18,744
Tax Year 2020
Lot Size 7.700 Acres
Property Sub-Type Multi-Family
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.
Location
State FL
County Okeechobee
Area 34974 - Okeechobee
Zoning MULTI-FAMI
Interior
Cooling None
Flooring Tile
Exterior
Roof Type Metal,Shingle
Building
Story 1
Foundation Slab
Sewer Private Sewer
Water Well
Structure Type Block
New Construction No
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None