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Okeechobee Multifamily Portfolio 1 Multifamily Properties Offered at $1,160,000 in Okeechobee, FL
Investment Highlights
- TWO PRIME CORNER LOTS: 0.70 AC Total in Downtown Okeechobee
- NEWER MASONRY CONSTRUCTION: Built 2002 & 2004, CBS Block Throughout
- TURNKEY MATCHED PAIR: Six 2BD/2BA Units, Single Floor Plan
- 12% RENT UPSIDE: $1,320 In-Place to $1,500 Market = +$13K / yr
- RECENT CAPEX RESOLVED: New Roofs + HVAC Within 24–36 Months
- TURNKEY MATCHED PAIR: Six 2BD/2BA Units, Single Floor Plan
Executive Summary
A rare downtown Okeechobee opportunity: two corner-lot masonry triplexes at the same intersection just south of the Park Street corridor, the city’s downtown spine. Six
matched 2BD/2BA units across 5,760 SF on 0.70 acres total, featuring one floor plan, one rent comp, and one operational playbook. Walkable to Flagler Park, Okeechobee
Main Street, and local restaurants.
Both buildings are turnkey today: roofs and HVAC systems were replaced within the past 24–36 months. In-place rents sit ~12% below market, providing an executable path to
$70,022 stabilized NOI through routine lease turnover. Combined with $193,333/door pricing, a discount to recent Okeechobee triplex comps, this portfolio delivers durable cash flow today and a defined yield growth story tomorrow
matched 2BD/2BA units across 5,760 SF on 0.70 acres total, featuring one floor plan, one rent comp, and one operational playbook. Walkable to Flagler Park, Okeechobee
Main Street, and local restaurants.
Both buildings are turnkey today: roofs and HVAC systems were replaced within the past 24–36 months. In-place rents sit ~12% below market, providing an executable path to
$70,022 stabilized NOI through routine lease turnover. Combined with $193,333/door pricing, a discount to recent Okeechobee triplex comps, this portfolio delivers durable cash flow today and a defined yield growth story tomorrow
Property Facts
| Price | $1,160,000 | Number of Properties | 2 |
| Price / SF | $387.05 / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 2,997 SF |
| Status | Active | Total Land Area | 0.29 AC |
| Price | $1,160,000 |
| Price / SF | $387.05 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 2,997 SF |
| Total Land Area | 0.29 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 110 SW 9th Ave, Okeechobee, FL 34974 | Multifamily | 2,997 SF | 2002 | - |
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Okeechobee Multifamily Portfolio