207 SE 6th Ave, Okeechobee, FL 34974
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
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