Duplex in 540 NW 24th Avenue, Okeechobee, FL 34972 with MLS# F10541239
HUGE PRICE IMPROVEMENT 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, 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 porches-one 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.
540 NW 24th Avenue, Okeechobee, FL 34972
Price
- Price:
- $324,900.00
- Original List Price:
- $424,900.00
- List Price per Sq Ft (Calculated, Approx.):
- $193.39
- Close Price:
- $312,000.00
- Transaction closed on:
- August 27, 2026
Lease Details
- Tenant Pays:
- Electricity
Property Status and Type
- Listing Type:
- Sold
- Status:
- Closed
- Special Sale Conditions:
- Standard
- Listing Category:
- Residential Income (Multifamily 2-4)
- Property Type:
- Duplex
- Description of Last Important Update:
- Status Change
- Last Major Update on:
- August 28, 2026 4:17 pm
- Other Special Conditions:
- Sold As-is
Measures
- Living Area:
- 1,680 Sqft
- Built-Up Area:
- 2,252 Sqft
- Building Area Source:
- Appraiser
- Living Area Source:
- Appraiser
- Lot Features:
- Corner Lot
Property Features
- Waterfront:
- No
- Exterior:
- Courtyard, Storage
- Patio and Porch:
- Patio, Deck, Porch, Patio - Covered, Porch - Open, Porch - Screened, Patio - Screened
- Other Structures:
- Workshop, Outbuilding
- Laundry:
- Washer Hookup, Laundry Room, Electric Dryer Hookup
- Air Conditioning
- Air Conditioning System:
- Central Air, Ceiling Fan(s), Electric, Central Individual
- Heating
- Heating System:
- Central, Electric, Separate Meters
- Fence:
- Chain Link, Fenced, Privacy
- Road Responsibility:
- Public Maintained Road
Construction
- Year Built:
- 1991
- Roof:
- Metal, Aluminum
- Number of Units Total:
- 2
- Levels:
- One
- Construction Materials:
- Block, Stucco, CBS
- Flooring:
- Carpet, Vinyl
- Number of stories:
- 1
- Number of Units in the Community or Building:
- 2
- Road Frontage Type:
- City Street
- Foundation Details:
- Slab
- Property Condition:
- Resale
Taxes and Expenses
- Tax Annual Amount:
- $3,957.00
- Tax Year:
- 2024
- Tax Assessed Value:
- $188,675.00
- Property Tax Details:
- Tax Reflects No Exemptions
Utilities
- Sewer:
- Septic Tank
- Utilities Available:
- Electricity Available, Phone Available, Sewer Connected, Water Connected, Cable Connected
- Water Source:
- Public
Community
- Subdivision Name:
- Okeechobee Park
- Senior Community:
- No
Terms
- Documents Available:
- Copy Of Lease(s)
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Close Of Escrow
Zoning and Legal
- Tax Legal Description:
- SUBDIVISION OF A PORTION OF "OKEECHOBEE PARK" (PLAT BOOK 1 PAGE 28) LOTS 13 TO 18 INC BLOCK 27
- Real Estate Folio Number (Parcel Number):
- R11737350020002700130
- Zoning:
- Multi-family
Listing History
- Active on the market since:
- December 15, 2025
- Listing Agreement executed on:
- December 15, 2025
- Purchase Contract Date:
- July 22, 2026
- Price change occurred on:
- July 15, 2026 8:52 pm
- Listing Status Last Changed On:
- August 28, 2026 4:16 pm
- Photos updated on:
- December 15, 2025 10:36 pm
- Last Modified:
- August 28, 2026 4:17 pm
Additional Information
- Courtesy of:
- Brown & Company Realty, INC
- Attribution:
- Not provided
- Road Surface Type:
- Paved, Asphalt
Location
- Street Name:
- 24th
- Street Number:
- 540
- City:
- Okeechobee
- State:
- Florida
- Zip Code:
- 34972
- County:
- Okeechobee
- Latitude:
- N27° 14' 54.2''
- Longitude:
- W81° 8' 49.8''
- Street Suffix:
- Avenue
- Street Direction Prefix:
- NW
Property Map
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$53,902
Median Home Value
$193,300
Median Rent
$994/mo
Median Age
38
Population
19,185
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