2800 NE 5th Trl
Okeechobee, FL 34972Sale Type
Traditional Listing
List Price
Contact broker
Under Contract
- Property Type
- Specialty
- Year Built
- 1980
- Square Feet
- Contact Broker
Sale Type
Traditional Listing
List Price
Contact broker
Under Contract
- Property Type
- Specialty
- Year Built
- 1980
- Square Feet
- Contact Broker
Overview
Facts
TWG at Bracket Real Estate is pleased to present Pine Ridge Mobile Home Park, located at 2800 NE 5th Trail in Okeechobee, FL, is a fully occupied 22-pad senior community offering stable cash flow with minimal management intensity. The park features 21 tenant-owned homes and one park-owned unit, all individually metered and connected to city utilities. With recent rent increases and Opportunity Zone designation, this 2.98-acre asset presents a compelling investment for buyers seeking low-risk, income-producing real estate in a growing Florida market.
- Opportunity Zone - Demographically Aligned – Pine Ridge’s 55+ profile aligns well with local age trends and senior housing demand.
- Strong Rental Market – With lot rents in competing parks reaching $465+ and high occupancy.
- Strong concentration of tenant-owned homes and limited comparable parks support resilience against market shifts.
- Economic Resilience – Income growth and stable employment patterns underpin long-term lot rent sustainability.
- The community is on city water & sewer; all units are individually metered.
- 21 of 22 homes are tenant owned, one home is park owned and was fully renovated in 2024. Current tenant pays $1200 a month, lease until December 2025.
- Asset Type
- Manufactured Housing/Mobile Home Park · Specialty
- Year Built
- 1980
- Building Class
- C
- Lot Size
- 2.98 Acres
- Zoning
- Opportunity Zone
- Parcel
- 1-14-37-35-0070-00080-0080