Okeechobee Multifamily Portfolio
Okeechobee Multifamily Portfolio
Okeechobee Multifamily Portfolio
Okeechobee Multifamily Portfolio
Okeechobee Multifamily Portfolio
Okeechobee Multifamily Portfolio
Okeechobee Multifamily Portfolio
Okeechobee Multifamily Portfolio
Okeechobee Multifamily Portfolio
Okeechobee Multifamily Portfolio
Okeechobee Multifamily Portfolio
DOWNTOWN OKEECHOBEE • MATCHED-PAIR PORTFOLIO OKEECHOBEE, FL 34974 • 6 UNITS • 2 PROPERTIES
City:Okeechobee
Land area:0.70
Property Status:
For Sale
Property Summary
CURRENT GROSS:
~$47,520 / yr
STABILIZED GROSS:
$54,000 / yr (at $1,500/unit)
PRICE / DOOR:
$193,333
ROOF:
Standing-Seam Metal — Replaced 24–36 mo.
HVAC:
Central A/C — Replaced 24–36 mo.
CONSTRUCTION:
Masonry / CBS
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.
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.
Lot & Building Size Breakdown:
BUILDING SIZE:
2,880 SF
LOT SIZE:
17,380 SF (0.40 Acres)
UNIT MIX :
(3) 2BR / 2BA
BUILDING SIZE:
2,880 SF
LOT SIZE:
12,981 SF (0.30 Acres)
UNIT MIX:
(3) 2BR / 2BA
Property 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
TURNKEY MATCHED PAIR: Six 2BD/2BA Units, Single Floor Plan
Details
Property size: 5760
Property Status:
For Sale
Property Type: Multifamily
Land Area: 0.70
Address
City: Okeechobee
State/country: Florida
Documents
810 SW 2nd St & 110 SW 9th Ave_v1.2 
Listing Agents
Okeechobee Multifamily Portfolio
DOWNTOWN OKEECHOBEE • MATCHED-PAIR PORTFOLIO OKEECHOBEE, FL 34974 • 6 UNITS • 2 PROPERTIES
City:Okeechobee
Land area:0.70
Property Status:
For Sale
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Send us a message through our form and someone from our team will get in touch with you shortly.
Our contacts
APEX Capital Realty
561 NE 79 ST Suite 420 Miami, FL 33138
(305) 570-2600
info@apexcapitalrealty.com
Press inquiries contact:
info@apexcapitalrealty.com
