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$1,295,500
Est. payment /mo
10,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $129
MLS Listing ID A12055445
HOA Y/N No
Lot Size 0.918 Acres
Property Sub-Type Multi Family
Property Description
12.36% Cap Rate | $185K NOI | 100% Occupied | RV Park, Apartments & SFH Portfolio | Value-Add Opportunity
BIG BASS LODGE AND RV PARK + Single Family Homes (SFH 5) 1069 MARINA LN & CRAMER LN MOORE HAVEN 33471
Big Bass Lodge & RV Park is a stabilized, income-producing investment opportunity consisting of a diversified portfolio of apartment units, single-family homes, RV sites, and waterfront amenities located near Lake Okeechobee in Moore Haven, Florida.
The property is currently operating at full occupancy and generates approximately $20,700 in monthly gross income with an estimated annual NOI of $185,352. The diversified tenant mix provides multiple income streams while reducing reliance on any single asset type.
The portfolio includes a 9-unit CBS apartment building, multiple single-family rental homes, income-producing RV sites, common laundry facilities, carports, gazebo, and a private dock with canal frontage. The property benefits from municipal water service, Glades Electric, and on-site management.
Investors will appreciate the significant value-add potential. The existing apartment building can be expanded from 9 to 11 units, and additional land on Cramer Lane offers the opportunity to develop additional RV sites, manufactured homes, container homes, tiny homes, or single-family residences, subject to buyer verification and approvals.
Buyer and Buyer's Broker are encouraged to independently verify all information during the due diligence period.
BIG BASS LODGE AND RV PARK + Single Family Homes (SFH 5) 1069 MARINA LN & CRAMER LN MOORE HAVEN 33471
Big Bass Lodge & RV Park is a stabilized, income-producing investment opportunity consisting of a diversified portfolio of apartment units, single-family homes, RV sites, and waterfront amenities located near Lake Okeechobee in Moore Haven, Florida.
The property is currently operating at full occupancy and generates approximately $20,700 in monthly gross income with an estimated annual NOI of $185,352. The diversified tenant mix provides multiple income streams while reducing reliance on any single asset type.
The portfolio includes a 9-unit CBS apartment building, multiple single-family rental homes, income-producing RV sites, common laundry facilities, carports, gazebo, and a private dock with canal frontage. The property benefits from municipal water service, Glades Electric, and on-site management.
Investors will appreciate the significant value-add potential. The existing apartment building can be expanded from 9 to 11 units, and additional land on Cramer Lane offers the opportunity to develop additional RV sites, manufactured homes, container homes, tiny homes, or single-family residences, subject to buyer verification and approvals.
Buyer and Buyer's Broker are encouraged to independently verify all information during the due diligence period.
Location
State FL
County Glades
Area 5940 Florida Other
Exterior
Private Pool Yes
Others
Tax ID A23-40-32-U02-0000-0050
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://youtu.be/kWRM1iu66Og
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Listed by Miami Waterfront Realty
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