2800 NE 5th Trl | Okeechobee, FL 34972
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- LoopNet Team
2800 NE 5th Trl
Okeechobee, FL 34972
Multifamily Property For Sale
·
10,000 SF
Investment Highlights
- Opportunity Zone - Demographically Aligned – Pine Ridge’s 55+ profile aligns well with local age trends and senior housing demand.
- Strong concentration of tenant-owned homes and limited comparable parks support resilience against market shifts.
- The community is on city water & sewer; all units are individually metered.
- Strong Rental Market – With lot rents in competing parks reaching $465+ and high occupancy.
- Economic Resilience – Income growth and stable employment patterns underpin long-term lot rent sustainability.
- 21 of 22 homes are tenant owned, One home is park owned and was fully renovated in 2024. Current tenant pays $1200 a month, lease until December 2025.
Property Facts
| No. Units | 22 | Lot Size | 2.98 AC |
| Property Type | Multifamily | Building Size | 10,000 SF |
| Property Subtype | Manufactured Housing/Mobile Home | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1980 |
| Building Class | C | ||
| Zoning | C - Residential- Multi Family | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Manufactured Housing/Mobile Home |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.98 AC |
| Building Size | 10,000 SF |
| No. Stories | 1 |
| Year Built | 1980 |
| Zoning | C - Residential- Multi Family |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 22 | - | - |
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