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Wade M. Berlin

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540 24th Avenue
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PRICED AT ONLY: $389,900

Address: 540 24th Avenue, Okeechobee, FL 34972

Description

Investment Opportunity featuring a duplex with two spacious 2 bed,1 bath units. This property is turn key with no repairs needed. Both units offer a desirable floor plan and have a strong rental history, currently earning $1,650 per month, with significant upside potential. Brand new metal roof and decking, new HVAC systems and hot water heaters, vaulted ceilings for a nice open feel. Back porchesone screened for added comfort, Fenced backyards offering privacy, Utility shed on one side for extra storage, Large concrete parking area to accommodate tenants. This property stands out for its low operating costs, immediate cash flow, and proven rental history. With the area's strong demand and limited rental availability, there's ample room to increase rents and maximize your return.

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  • MLS#: F10541239 ( Residential Income )
  • Street Address: 540 24th Avenue
  • Viewed: 14
  • Price: $389,900
  • Price sqft: $173
  • Waterfront: No
  • Year Built: 1991
  • Bldg sqft: 2252
  • Days On Market: 105

Description

Investment Opportunity featuring a duplex with two spacious 2 bed,1 bath units. This property is turn key with no repairs needed. Both units offer a desirable floor plan and have a strong rental history, currently earning $1,650 per month, with significant upside potential. Brand new metal roof and decking, new HVAC systems and hot water heaters, vaulted ceilings for a nice open feel. Back porchesone screened for added comfort, Fenced backyards offering privacy, Utility shed on one side for extra storage, Large concrete parking area to accommodate tenants. This property stands out for its low operating costs, immediate cash flow, and proven rental history. With the area's strong demand and limited rental availability, there's ample room to increase rents and maximize your return.
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Features
Building and Construction
  • Exterior Features: Courtyard, Storage
  • Fencing: Chain Link, Fenced, Privacy
  • Flooring: Carpet, Vinyl
  • Other Structures: Outbuilding, Workshop
  • Roof: Aluminum, Metal
Land Information
  • Lot Features: Corner Lot
Eco-Communities
  • Water Source: Public
Utilities
  • Cooling: Ceiling Fan(s), Central Air, Central Individual, Electric
  • Heating: Separate Meters, Central, Electric
  • Pets Allowed: Yes, No Restrictions
  • Road Frontage Type: City Street
  • Sewer: Septic Tank
  • Utilities: Cable Connected, Electricity Available, Phone Available, Sewer Connected, Water Connected
Finance and Tax Information
  • Tax Year: 2024
Rental Information
  • Tenant Pays: Electricity
Other Features
  • Legal Description: SUBDIVISION OF A PORTION OF "OKEECHOBEE PARK" (PLAT BOOK 1 PAGE 28) LOTS 13 TO 18 INC BLOCK 27
  • Levels: One
  • Parcel Number: R11737350020002700130
  • Views: 14
  • Zoning Code: Multi-family
Nearby Subdivisions
An Unrecorded Subdivision   Basinger   Basswood   Basswood 01   Basswood Estates   Basswood Estates Un 04   Basswood Inc Un 02   Basswood Incorporated Un 1   Basswood Un 02   Basswood Un 05   Central Business Section   Dark Hammock Ranchettes   Dixie Ranch Acres   Dixie Ranch Estates   East Railroad Subdivision   Edwards Sub   El Mirasol   First Addition Of Pine Ridge P   Fort Drum   Fra Mar Estates   Ft Drum   Indian Hammock Hunt Riding C   Indian Hammock Hunt And Riding   Lake Montaza Estates Section   Mallard Landing   N/a   Na   No Subdivision   None   Northwest Add   Nw   Oak Park   Okeechobee Little Farms   Okeechobee Park   Otter Road   River Acres   River Run   River Run Resort Sub   Robert E Edwards   Southern Colonization   Southern Colonization Co   Southern Colonization Company    Southern Pine Addition   The Southern Colonization   The Southern Colonization Comp   The Vikings   Tract 28   Viking   Viking 2/the Prairie   Viking Estates   Viking Prarie   Vikings  
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  2. The Real Estate Professional You Deserve
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