Waterfront RV Park
6070 US Highway 441 SE, Okeechobee, FL
31.19% return
LP:
Video Photos Street View Map
The slide show is now full screen. Push Escape to exit. You can use the left/right arrows and Home/End buttons to navigate the images.
Slideshow image 1
Slideshow image 2
Slideshow image 3
Slideshow image 4
Slideshow image 5
Slideshow image 6

Property Description

***CORRECTIONS MADE*** DISCOUNTED INVESTMENT PROPERTY. Beautiful waterfront mobile home and RV park!!! Only $11,583 per pad!!! Insane cashflow, 23%+ net proforma return with 80% average occupancy!! CLEAN ENVIRONMENTAL REPORT IS AVAILABLE!!! Property consists of 60 rental pads and a single family house. Separate electric meters. Well and septic system in place. Boat parking available and can be rented for additional income. All parks in the area have 100% occupancy at $400+/month on each lot. This park will generate $299,400+ with all units rented at $400+/month. Additional $10,000 to $20,000 can be generated from slip rentals. Very inexpensive property to own and operate as pads do not need maintenance. Beautiful view. Priced at a discount for a quick sale. Value add opportunity or long term hold. Perfect for retirement and fishing lifestyle.

Property Information

  • Listing statusActive
  • Property typeMulti Family
  • Total units61
  • Total bedrooms(unknown)
  • Total bathrooms(unknown)
  • Building size(unknown)
  • Lot size2.6 acres
  • Year built(unknown)
  • CountyOkeechobee County
  • SubdivisionGREAT LAKES
  • ConstructionCBS
  • Roof
  • Water sourceWell
  • Water disposalSeptic
  • Heating(unknown)
  • Cooling(unknown)

Property Financial Summary

  • Asking price $695,000
  • Estimated rehab 1 $100,000
  • Total investment $795,000
  • Type Proforma
  • After repair value $1,350,000
  • Potential profit $555,000
  • Gross income (annually) $309,000
  • Operating expenses (annually) $61,046
  • Net income (annually) $247,954
  • Gross return 38.87%
  • Gross income (monthly) $25,750
  • Operating expenses (monthly) $5,087
  • Net income (monthly) $20,663
  • Net return 31.19%

Property Income & Expenses

  • Income
  • Electricity Resale Profit $800/month $9,600/year
  • RV Pads
  • Unit 1: studio / 0 bath $400/month $4,800/year
  • Unit 2: studio / 0 bath $400/month $4,800/year
  • Unit 3: studio / 0 bath $400/month $4,800/year
  • Unit 4: studio / 0 bath $400/month $4,800/year
  • Unit 5: studio / 0 bath $400/month $4,800/year
  • Unit 6: studio / 0 bath $400/month $4,800/year
  • Unit 7: studio / 0 bath $400/month $4,800/year
  • Unit 8: studio / 0 bath $400/month $4,800/year
  • Unit 9: studio / 0 bath $400/month $4,800/year
  • Unit 10: studio / 0 bath $400/month $4,800/year
  • Unit 11: studio / 0 bath $400/month $4,800/year
  • Unit 12: studio / 0 bath $400/month $4,800/year
  • Unit 13: studio / 0 bath $400/month $4,800/year
  • Unit 14: studio / 0 bath $400/month $4,800/year
  • Unit 15: studio / 0 bath $400/month $4,800/year
  • Unit 16: studio / 0 bath $400/month $4,800/year
  • Unit 17: studio / 0 bath $400/month $4,800/year
  • Unit 18: studio / 0 bath $400/month $4,800/year
  • Unit 19: studio / 0 bath $400/month $4,800/year
  • Unit 20: studio / 0 bath $400/month $4,800/year
  • Unit 21: studio / 0 bath $400/month $4,800/year
  • Unit 22: studio / 0 bath $400/month $4,800/year
  • Unit 23: studio / 0 bath $400/month $4,800/year
  • Unit 24: studio / 0 bath $400/month $4,800/year
  • Unit 25: studio / 0 bath $400/month $4,800/year
  • Unit 26: studio / 0 bath $400/month $4,800/year
  • Unit 27: studio / 0 bath $400/month $4,800/year
  • Unit 28: studio / 0 bath $400/month $4,800/year
  • Unit 29: studio / 0 bath $400/month $4,800/year
  • Unit 30: studio / 0 bath $400/month $4,800/year
  • Unit 31: studio / 0 bath $400/month $4,800/year
  • Unit 32: studio / 0 bath $400/month $4,800/year
  • Unit 33: studio / 0 bath $400/month $4,800/year
  • Unit 34: studio / 0 bath $400/month $4,800/year
  • Unit 35: studio / 0 bath $400/month $4,800/year
  • Unit 36: studio / 0 bath $400/month $4,800/year
  • Unit 37: studio / 0 bath $400/month $4,800/year
  • Unit 38: studio / 0 bath $400/month $4,800/year
  • Unit 39: studio / 0 bath $400/month $4,800/year
  • Unit 40: studio / 0 bath $400/month $4,800/year
  • Unit 41: studio / 0 bath $400/month $4,800/year
  • Unit 42: studio / 0 bath $400/month $4,800/year
  • Unit 43: studio / 0 bath $400/month $4,800/year
  • Unit 44: studio / 0 bath $400/month $4,800/year
  • Unit 45: studio / 0 bath $400/month $4,800/year
  • Unit 46: studio / 0 bath $400/month $4,800/year
  • Unit 47: studio / 0 bath $400/month $4,800/year
  • Unit 48: studio / 0 bath $400/month $4,800/year
  • Unit 49: studio / 0 bath $400/month $4,800/year
  • Unit 50: studio / 0 bath $400/month $4,800/year
  • Unit 51: studio / 0 bath $400/month $4,800/year
  • Unit 52: studio / 0 bath $400/month $4,800/year
  • Unit 53: studio / 0 bath $400/month $4,800/year
  • Unit 54: studio / 0 bath $400/month $4,800/year
  • Unit 55: studio / 0 bath $400/month $4,800/year
  • Unit 56: studio / 0 bath $400/month $4,800/year
  • Unit 57: studio / 0 bath $400/month $4,800/year
  • Unit 58: studio / 0 bath $400/month $4,800/year
  • Unit 59: studio / 0 bath $400/month $4,800/year
  • Unit 60: studio / 0 bath $400/month $4,800/year
  • Single Family
  • Unit 1: 3 bed / 2 bath $950/month $11,400/year
  • Total $25,750/month $309,000/year
  • Expenses
  • Property Taxes $490/month $5,880/year
  • Insurance $375/month $4,500/year
  • Waste Collection $275/month $3,300/year
  • Water Treatment $1,000/month $12,000/year
  • State Licensing $31/month $366/year
  • Lawn care $300/month $3,600/year
  • Maintenance reserve $417/month $5,000/year
  • Property Management $1,500/month $18,000/year
  • Advertising $700/month $8,400/year
  • Total $5,087/month $61,046/year

Property Questions & Answers

Q: How do I make an offer on this property?
A: Placing an offer is a simple process. All offers must be presented in writing with an escrow deposit of 10% or $5,000, whichever is larger. Escrow has to be sent to the attorney or title company who is handling the file for this property. Please send us an inquiry and one of our team members will get in touch with you to further assist you. You can also give us a call.

Q: Does this property come with clear title?
A: All our properties come with clear title. We highly recommend you purchase title insurance as well.

Contact Property Agent

You need to have an account to send an inquiry.

Log In Register

Share Listing

Property Flyer

Click here to download the flyer
Copyright by Real Pro, Inc 2019 . All Rights Reserved.