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Hank Wolff

hwolff@onesothebysrealty.com +1(772) 321-5080

$890,000

Est. payment - /mo

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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

HOA Y/N Yes

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

Area 6220 - Se County (Ok)

Zoning City

Interior

Interior Features InteriorFeatures

Heating Other, Separate Meters

Cooling Central Air

Flooring Other

Fireplace No

Exterior

Utilities Available Cable Not Available

Waterfront Description Creek,Other

Roof Type Metal

Private Pool No

Building

Dwelling Type Multi Family

Story 2

Sewer Public Sewer

Structure Type Other

Schools

Elementary Schools Central

Middle Schools Osceola

High Schools Okeechobee

Others

Tax ID 321373500200252000I0

Acceptable Financing Other

Listing Terms Other

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Listed by William Mignucci APEX Capital Realty LLC

NEARBY SCHOOL & BUSINESS

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Hank Wolff

+1(772) 321-5080

207 SE 6th AVE Okeechobee, FL 34974

Hank Wolff

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION