207 SE 6th Ave, Okeechobee, FL 34974

For Sale

207 SE 6th Ave

207 SE 6th Ave, Okeechobee, FL 34974 SHORECREST OF OKEECHOBEE

City:Okeechobee

Land area:21,475 SF (0.49 Acres)

Property Status: For Sale

Bill Mignucci bill@apexcapitalrealty.com

Price $890,000

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Property Summary

UNIT MIX: 2BR/2 BA, (2) 1BR/1BA

IN-PLACE NOI: Below Stabilized (Vacancy Driven)

PRICE / DOOR: ~$247,250

PRICE / SF: ~$255 PSF

WATERFRONT: Taylor Creek / Lake Okeechobee

APN: R3-21-37-35-0020-02520-00I0

ROOF: Metal — Replaced ~5 Years Ago

HVAC: Central A/C in Each Unit

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.

Lot & Building Size Breakdown:

BUILDING SIZE: 3,873 SF

LOT SIZE: 21,475 SF (0.49 Acres)

Property 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

Details Property size: 3,873 SF Property Status: For Sale Property Type: Multifamily Land Area: 21,475 SF (0.49 Acres) Year Built: 1988

Address City: Okeechobee State/country: Florida

Documents 207-SE-6-Ave-v2.5 (1) download

Listing Agents

Bill Mignucci Commercial Advisor

(215) 783-0638 bill@apexcapitalrealty.com

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207 SE 6th Ave, Okeechobee, FL 34974 SHORECREST OF OKEECHOBEE Multifamily Bill Mignucci 2 months ago $890,000