Listed by Media Realty
$5,900,000
8761 Highway 78 W
Details
APN 11738350a00000050000
Property Type Multifamily, Retail
Sub Type Apartment Building, Gas Station
Square Footage 123
Units 123
NOI $455,714
Year Built 1984
Buildings 123
Acreage 10.600
Zoning RR
Parking Spaces 246 spaces
Parking Per SqFt 2,000.00
Multifamily | 123 Units
Marketing description
Value Add 2 Contiguous RV Parks with 123 Pads - The offering presents an exceptional opportunity to acquire two contiguous RV parks—Dew Drop RV Park and Okeechobee Lake RV Park—positioned on a combined 10.2 acres with canal frontage providing direct access to Lake Okeechobee, one of Florida's most iconic natural landmarks. Dew Drop was developed in 1988 and spans 3.9 acres featuring 57 well-maintained, rent-only pads. The park is thoughtfully designed with dual access points, paved interior roadways, and sub-metered public water with septic infrastructure in place. Okeechobee Lake RV Park encompasses 66 rent-only pads and offers residents a clubhouse, freestanding bathroom/shower facility. Tenants are billed for their pro-rata share of water/electric. +++ Download the OM +++ Download the Offer Memorandum for all details regarding the opportunity. +++
Listing Contacts
Listed by Media Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$455,714.00
$37,976.17/mo
Valuation Metrics
0
DSCR
7.72%
Cap Rate
7.72%
ROI
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