5806 US Highway 441, Okeechobee, FL 34974

Description of 5806 US Highway 441, Okeechobee, FL 34974

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!

Property Details for 5806 US Highway 441, Okeechobee, FL 34974

Pool Private

No

Building Information for 5806 US Highway 441, Okeechobee, FL 34974

Building Area Units

Square Feet

Association

No

Property Information for 5806 US Highway 441, Okeechobee, FL 34974

Lot Size Square Feet

51,008

Waterfront

No

View

No

New Construction

No

Public Records for 5806 US Highway 441, Okeechobee, FL 34974

Parcel Number

R10638360A0000008A000

Tax Annual Amount

$6,877

Tax Year

2,024

Tax Legal Description

A PARCEL OF LAND LYING IN SECTION 6, TOWNSHIP 38 SOUTH, RANGE 36 EAST, OKEECHOBEE COUNTY, FLORIDA. BEING A PORTION OF THOSE LANDS DESCRIBED

County Or Parish

Okeechobee County

Location