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Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision City Of Okeechobee
MLS Listing ID A12011391
Year Built 1988
Annual Tax Amount $345,563
Tax Year 2025
Property Sub-Type Quadruplex
Property 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
State FL
County Okeechobee
Interior
Heating Other, Separate Meters
Cooling Central Air
Flooring Other
Exterior
Utilities Available Cable Not Available
Waterfront Description Creek,Other
Roof Type Metal
Building
Dwelling Type Multi Family
Story 2
Sewer Public Sewer
Schools
Elementary Schools Central
Middle Schools Osceola
High Schools Okeechobee
Others
Acceptable Financing Other
Listing Terms Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12011391
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Listed by William Mignucci APEX Capital Realty LLC
NEARBY SCHOOL & BUSINESS
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