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Commercial Sale

5806 US Highway 441

Okeechobee, FL 34974

ML#:F10528339
List Price:$568,000
Status:Closed
Days on Market:50
Listing Brkr:RE/MAX Select Group
Subdivision:
Bedrooms:0
Baths:0
SqFt (Liv):
Lot Size:1.1709 acres
Year Built:1997
Stories:

General Information

Type Property:Commercial Sale
Style:Multi Family
Pool:
Garage Spaces:0
Parking:

Location Information

County:Miami-Dade County
Zip:34974
Subdivision:
Latitude:27.197454
Longitude:-80.769576

Financial Information

Annual Taxes (2024):$6,877
Original Price:$578,000
Days on Market:50

Remarks

Excellent income-producing property with multi-family zoning and significant room for expansion! Currently generating $72,000/year in income with a Net Operating Income (NOI) of $59,000, this property boasts a Cap Rate of over 10%—a rare find! The property includes a single-family home plus two additional separate rental buildings and RV spaces, all sitting on over an acre of waterfront land along the Taylor Creek Canal with direct access to Lake Okeechobee and the ocean. Recent upgrades include a new electric system, new well, and a 15-year silicone-coated roof for low-maintenance durability. Whether you're looking for a solid investment opportunity or a primary residence with income potential, this property checks all the boxes. Don’t miss out!

Listing Agent

Hector Vidaurre

RE/MAX Select Group

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Prepared by Rangely Adames · Sunland Group · Licensed FL Real Estate Sales Associate · rangelyadames.com · (954) 604-3276

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