207 SE 6th Avenue,Okeechobee, FL 34974
Okeechobee, FL 34974
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.
Details
| MLS # | A12087634 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1988 |
| Days On Site | 65 |
| Listing Provided By | APEX Capital Realty LLC | William Mignucci |
Features
| Story(s) | 2 |
|---|---|
| Units | 2 |
| Zoning | City |
| Water Front | Yes |
Taxes
| Tax Annual Amount | 8854 |
|---|
Area Information
| State | FL |
|---|---|
| County | Okeechobee |
| City | Okeechobee |
| Zip Code | 34974 |
| Area | 6220 SE County (OK) |
| Subarea | Other |
| Community Name | City of Okeechobee |
| Listing VS Median (in City of Okeechobee) | |
Price: $699,000 low | high Med: $750,000 On site: 65 low | high Med: 45 | |
Market Activity 34974
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Learn More About This Property
| State | FL |
|---|---|
| County | Okeechobee |
| City | Okeechobee |
| Zip Code | 34974 |
| Area | 6220 SE County (OK) |
| Subarea | Other |
| Community Name | City of Okeechobee |
| Listing VS Median (in City of Okeechobee) | |
Price: $699,000 low | high Med: $750,000 On site: 65 low | high Med: 45 | |
