, Okeechobee, FL 34947 (MLS# F10523905)

Okeechobee, FL 34947

$1,150,000

Virtual Tour

https://www.propertypanorama.com/3611-SE-36-Ave-SE-36-Ave-Okeechobee-FL-34971/unbranded

Property Type: Commercial Sale Status: Pending

Current Price: $1,150,000 List Date: 8/13/2025 Last Modified: 7/02/2026

Overview

Description

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

Listing Details MLS# F10523905

General Property Information

Property Sub Type: Multi Family
Number Of Units Total: 24
Price Per Unit: 47920
Year Built: 1984
Lot Size Area: 41120640
Lot Size Acres: 944

Property Features

Business Type: Mobile/Trailer Park Common Area Maintenance Includes: Exterior Maintenance; Interior Maintenance; Water Documents Available: Investment Analysis Electric: 0-100 Amp Service Heating: Central; Window/Wall Parking Features: Accessible Parking Possession: Close Of Escrow Property Condition: Resale Special Listing Conditions: Standard Source Of Expenses: Owner Provided Cooling: Central Individual; Wall/Window Unit(s) Listing Terms: Cash; Conventional Sewer: Septic Tank Structure Type: Warehouse Utilities: Cable Available; Natural Gas Not Available Water Source: Public Showing Requirements: Call Listing Agent Contingencies: Other Acreage Description: 10 Or More Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 1535000
Negotiable Seller Concessions YN: Yes
Listing Service: Full Service
Seller Represented YN: Yes

Location and Legal

County Or Parish: Okeechobee
County Parish Name: Okeechobee
City Name: Okeechobee
State Or Province: FL
Postal Code: 34947
Geographic Area: OKCB - Okeechobee
Zoning: RR

Financial Information

Tax Annual Amount: 26444
Tax Year: 2025

Status Change Information

Major Change Timestamp: 2026-07-02T11:19:34Z
Major Change Type: Status Change
Price Change Timestamp: 2025-12-17T21:41:13Z
Status Change Date: 2026-07-02
Under Contract Type: Pending
Under Contract Date: 2026-06-01

More Information

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 24
Separate Gas Meters YN: No
Number Of Meters Total: 24

Income and Expenses

Gross Scheduled Income: 146515
Net Operating Income: 79871

Description of Unit Type 1

Units Total: 24

Originating Details

Originating System Key: 603204940
Originating System ID: M00000170

Currently Not Used

Ownership Type: Corporation

Office/Member Information

DXORIGMLSID: RML

Electric

0-100 Amp Service: Yes

Parking Features

Accessible Parking: Yes

Property Condition

Resale: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Investment Analysis: Yes

Structure Type

Warehouse: Yes

Possession

Close Of Escrow: Yes

Sewer

Septic Tank: Yes

Utilities

Cable Available: Yes
Natural Gas Not Available: Yes

Business Type

Mobile/Trailer Park: Yes

Common Area Maintenance Includes

Exterior Maintenance: Yes
Interior Maintenance: Yes
Water: Yes

Heating

Central: Yes
Window/Wall: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Central Individual: Yes
Wall/Window Unit(s): Yes

Showing Requirements

Call Listing Agent: Yes

Contingencies

Other: Yes

Acreage Description

10 Or More Acre Lot: Yes

Listing Office: Media Realty

Last Updated: July - 02 - 2026

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