
$720,000
Apartment for Sale, 207 SE 6TH Avenue, Okeechobee, Florida 34974
- MLS#A12087634
Listed By APEX Capital Realty LLC
The Apartment for Sale located at 207 SE 6TH Avenue, Okeechobee, Florida 34974 is currently for sale.
Description
207 SE 6th Avenue is a rare four-unit multifamily investment opportunity offering a unique blend of downtown walkability and direct waterfront access in Okeechobee, Florida. Located just two blocks from Flagler Park and the restaurants, boutiques, and storefronts along Park Street, the property also benefits from close proximity to Taylor Creek and Lake Okeechobee, providing strong lifestyle appeal and long-term tenant demand. Built in 1988 on a 21,475 SF waterfront lot, the well-maintained 3,873 SF building features a metal roof replaced approximately five years ago, a ±1,000 SF waterfront deck overlooking the creek, and a 6’ x 30’ concrete seawall with potential for a future boat dock or slip. The property presents a compelling value-add opportunity, as the majority of units will be delivered vacant, allowing a new owner to lease at current market rents and immediately improve operational performance. This creates a clear path toward NOI growth and increased stabilized asset value without significant renovation requirements or inherited tenant complications. With a highly desirable waterfront setting, walkable downtown location, and strong upside potential, 207 SE 6th Avenue represents a hard-to-find multifamily investment in a tightly held submarket.
Location
207 SE 6TH Avenue, Okeechobee, Florida 34974
Property features
Property
- Location: Waterfront
Lot/Land
- Water frontage: 305 m
Construction
- Year built: 1988
- Roofing: Metal
Water and Boating
- Water: Creek
Heating and Cooling
- Cooling System: Central AC
Utilities
- Other utilities: Public Sewer