Okeechobee Multifamily Portfolio
DOWNTOWN OKEECHOBEE • MATCHED-PAIR PORTFOLIO
Marketing description
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.
Investment highlights
- TWO PRIME CORNER LOTS: 0.70 AC Total in Downtown Okeechobee
- 12% RENT UPSIDE: $1,320 In-Place to $1,500 Market = +$13K / yr
- NEWER MASONRY CONSTRUCTION: Built 2002 & 2004, CBS Block Throughout
- RECENT CAPEX RESOLVED: New Roofs + HVAC Within 24–36 Months
- TURNKEY MATCHED PAIR: Six 2BD/2BA Units, Single Floor Plan
- DISCOUNT TO COMPS: $193,333/Door vs. Recent Trades at $217K–$233K
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