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32222976
32222989

207 Southeast 6th Avenue, Okeechobee, FL 34974 For Sale

BM
FL 3637205
$890,000
81 days on market
Updated 40 days ago

207 SE 6th Ave, Okeechobee, FL 34974

Details
APN 28-4806000
Property Type Multifamily
Square Footage 3,873
Units 12
Pro-Forma NOI $45,000
Class B
Year Built 1988
Buildings 1
Lot Size (SqFt) 21,475
Investment Type Stabilized

SHORECREST OF OKEECHOBEE

Marketing description

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.

Investment highlights

  • Significant Lease-Up Opportunity – Majority of Units Delivered Vacant
  • Immediate Mark-to-Market Rent Potential at Acquisition
  • Day-One Value Creation - No Tenant Displacement Required
  • Below-Stabilized Operations with Clear Path to Income Growth
  • Waterfront on Taylor Creek – Direct access to Lake Okeechobee
  • 4-Unit Multifamily – 2x 2BR/2 BA + 2x 1BR/1BA configuration
  • ~1,000 SF Waterfront Deck – Premium outdoor living amenity
  • 6’ x 30’ Concrete Seawall – Dock/slip potential for added income
  • Metal Roof Replaced ~1 Year Ago – Durable, low-maintenance profile
  • In-Unit W/D + Dishwasher – Central A/C in every unit

Listing Contacts

BM
FL 3637205

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Additional Information

Name
Bill Mignucci
License
3637205
Brokerage
Apex Capital Realty
Brokerage Phone
786-460-0889
Title
Broker/Agent
Brokerage Address
561 Northeast 79th Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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