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Cloverport Mobile Home Park is a 27 lot/pad and one CBS studio complex with laundry facilities rented on an annual basis. All units are tenant owned, park sits on over 2.5 acres, with three entrances, sub-metered public water & septic. Currently there are 11 vacant lots, each having electric and sanitation hookups. The value-add for this opportunity is providing mobile homes on the vacant lots increasing the capitalization rate to 9.2% with a capital expense $599,500. See Offer Memorandum attached to MLS Cloverport MHP is located minutes from Lake Okeechobee, Kissimmee River and downtown Okeechobee with its dining and shopping, and less than 6 miles from the up-and-coming Bass Pro Resort. Currently there are 2 mobile homes that were purchased by the tenants, each paying $600/mth.PROPERTY FEATURES
Number of Units : 28
Approximate Lot Size: 108900
Geographic Area : OK40
PROPERTY DETAILS
Street Address: 7650 Highway 78 W
City: Okeechobee
State: Florida
Postal Code: 34972
MLS Number: F10393738
Courtesy of Media Realty
City: Okeechobee
State: Florida
Postal Code: 34972
MLS Number: F10393738
Courtesy of Media Realty
Courtesy of Stockworth Realty Group
