Log In/Sign Up
Your email has been sent.
207 SE 6th Ave - SHORECREST OF OKEECHOBEE 4 Unit Apartment Building Offered at $890,000 Okeechobee, FL 34974
Investment Highlights
- Significant Lease-Up Opportunity – Majority of Units Delivered Vacant
- Day-One Value Creation - No Tenant Displacement Required
- Waterfront on Taylor Creek – Direct access to Lake Okeechobee
- Immediate Mark-to-Market Rent Potential at Acquisition
- Below-Stabilized Operations with Clear Path to Income Growth
- ~1,000 SF Waterfront Deck – Premium outdoor living amenity
Executive Summary
Apex Capital Realty is pleased to present 207 SE 6th Avenue, a four-unit multifamily investment offering an uncommon combination of downtown walkability and direct waterfront access in Okeechobee, Florida. The property sits two blocks from Flagler Park and the restaurants, boutiques, and storefronts of Park Street, with Taylor Creek’s waterfront and Lake Okeechobee just minutes east along 6th Avenue. Constructed in 1988 on a 21,475 SF waterfront lot, the well-maintained 3,873 SF building features a metal roof replaced five years ago, a ±1,000 SF deck overlooking the creek, and a 6’ x 30’ concrete seawall offering potential for a future boat dock or slip.
The investment thesis is anchored by a clear value-add path: since the majority of units are delivered vacant, a new owner can execute lease-up at current market rents capturing immediate operational control, NOI growth, and meaningful upside in stabilized asset value, without rehab risk or inherited tenant constraints. 207 SE 6th Avenue is a rare entry point combining durable cash flow, defined upside, and a hard-to-replicate location profile in a tightly held submarket.
The investment thesis is anchored by a clear value-add path: since the majority of units are delivered vacant, a new owner can execute lease-up at current market rents capturing immediate operational control, NOI growth, and meaningful upside in stabilized asset value, without rehab risk or inherited tenant constraints. 207 SE 6th Avenue is a rare entry point combining durable cash flow, defined upside, and a hard-to-replicate location profile in a tightly held submarket.
Property Facts
| Price | $890,000 | Lot Size | 0.49 AC |
| Price Per Unit | $222,500 | Building Size | 3,873 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 4 | Year Built | 1988 |
| Property Type | Multifamily |
| Price | $890,000 |
| Price Per Unit | $222,500 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.49 AC |
| Building Size | 3,873 SF |
| No. Stories | 2 |
| Year Built | 1988 |
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $1,450 | 1,150 |
| 1+1 | 2 | $1,250 | 800 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | R3-21-37-35-0020-02520-00I0 | Improvements Assessment | $300,423 |
| Land Assessment | $97,308 | Total Assessment | $397,731 |
Property Taxes
Parcel Number
R3-21-37-35-0020-02520-00I0
Land Assessment
$97,308
Improvements Assessment
$300,423
Total Assessment
$397,731
1 of 30
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
207 SE 6th Ave - SHORECREST OF OKEECHOBEE