3112 Southeast 29th Terrace

Okeechobee, FL 34974

$675,000
Price
5
Beds
2,300 Sq. Ft.
$293 / Sq. Ft.
2,300
Sq. Ft.
$293
per Sq. Ft.

Description

INVESTMENT OPPORTUNITY not to be overlooked. TWO picturesque WATERFRONT canal PARCELS, granting access within 10 minutes to Lake Okeechobee. Parcel 3112 boasts TWO robust concrete block structures, one encompassing a single-family home (1,200 sqft heated) ingeniously transformed into a PROFITABLE DUPLEX. Adjacent stands the SECOND building (1,100 sqft heated), housing a lucrative TRIPLEX featuring three Studio Apartments. All FIVE units are thoughtfully furnished and equipped with essential appliances;...INVESTMENT OPPORTUNITY not to be overlooked. TWO picturesque WATERFRONT canal PARCELS, granting access within 10 minutes to Lake Okeechobee. Parcel 3112 boasts TWO robust concrete block structures, one encompassing a single-family home (1,200 sqft heated) ingeniously transformed into a PROFITABLE DUPLEX. Adjacent stands the SECOND building (1,100 sqft heated), housing a lucrative TRIPLEX featuring three Studio Apartments. All FIVE units are thoughtfully furnished and equipped with essential appliances; currently occupied by long-term tenants. Additionally, the property includes four 4'w x 3'd storage lockers, a 9'x 16' Laundry/utility room, and single car port with 5'x 7'storage. PARCEL 3122 presents an open oasis of leisure suitable for a double-wide mobile home. This parcel also features a screened 10'x 14' Florida room with convenient appliances for cleaning and cooking the day's fresh catch. A private boat ramp beckons alongside a wooden boat dock ensuring a seamless blend of comfort and functionality. Don't miss this fantastic opportunity to own a tranquil and welcoming waterfront INVESTMENT PROPERTY with spectacular views and all kinds of wildlife.
  1. Listed by Javy Torres • IMPACT REALTY TAMPA BAY

Property Details for 3112 Southeast 29th Terrace

Subdivision Name
TAYLOR CRK DEV
Township
37S
Carport Spaces
1
View
Water
Waterfront
Yes
Water View
Canal
Furnished
Furnished

Location

Listing Courtesy of IMPACT REALTY TAMPA BAY
Add your commute
LISTING UPDATED: 04/26/2024 05:11 PM

Property Details for 3112 Southeast 29th Terrace

StatusActive
MLS #T3521762
Days on Market12
Taxes$3,856 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Multi-Family
Year Built1971
Lot Size0.25 AC / 10,846 SF
CountyOkeechobee County

Location

Listing Courtesy of IMPACT REALTY TAMPA BAY
Add your commute

Building Information for 3112 Southeast 29th Terrace

Stories-Residences5Year Built1971Building Size-Lot Size0.25 AC / 10,846 SF

Payment Calculator

$4,005 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,684

Property Taxes

$321

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3112 Southeast 29th Terrace

Summary
Location and General Information
  • Building Area Units: Square Feet
  • Building Name Number: 3112 & 3122
  • Directions: Hwy 441 SE down to SE 33rd Terrace, turn left and proceed down to SE 29th Terrace. Arrive at cul de sac to property on left along the water.
  • Elementary School: Everglades Elementary
  • Middle Or Junior School: Yearling Middle School
  • High School: Okeechobee High School
  • Mls Major Change Type: New Listing
  • Major Change Type: New Listing
  • Listing Service: Full Service
  • Senior Community: No
  • Unit Number: No
  • Street Number: 3112
  • Street Direction Prefix: SE
  • Street Name: 29TH
  • Street Suffix: TERRACE
  • State: FL
  • City: OKEECHOBEE
Parking
  • Carport: Yes
  • Garage: No
  • Parking Features: Boat, Open
Taxes and HOA Information
  • Association: No
  • CDD: No
  • Tax Block: 1-25-37-35-0010-00020-009
  • Tax Book Number: 2-90
  • Tax Legal Description: TAYLOR CREEK DEVELOPMENT (PLAT BOOK 2 PAGE 90); A REVISED AND ADDITION TO PLAT OF TAYLOR CREEK DEVELOPMENT (PLAT BOOK 2 PAGE 93) AND REVISED PLAT NO 2 (PLAT BOOK 3 PAGE 8) LOT 9 BLOCK 2: PARCEL 3112, 1-25-37-35-0010-00020-0090 & PARCEL 3122, 1-25-37-35-0010-00020-0100
  • Tax Lot: 9
  • Tax Year: 2023
Virtual Tour
Property
Lot Information
  • Additional Parcels Description: 1-25-37-35-0010-00020-0100
  • Additional Parcels: Yes
  • Lot Features: Cul-De-Sac, Street Dead-End
  • Parcel Number: R1-25-37-35-0010-00020-0090
  • Total Acreage: 1/4 to less than 1/2
  • Total Num Buildings: 2
  • Water Access: Canal - Freshwater, Lake
  • Water Access: Yes
  • Water Body Name: TAYLOR CREEK WITH ACCESS TO LAKE OKEECHOBEE
  • Water Extras: Assigned Boat Slip, Boat Ramp - Private, Seawall - Concrete
  • Water Extras: Yes
  • Water: Assigned Boat Slip, Boat Ramp - Private, Seawall - Concrete
  • Water Frontage Feet Canal Fresh: 145
  • Zoning: RM
  • Living Area: 2300
Property and Assessments
  • Year Built Numeric: 1971
  • Flood Zone Code: AE
  • Flood Zone Date: 07-16-2015
  • Flood Zone Panel: 12093C0485C
  • New Construction: No
  • Number Of Lots: 2
  • Public Survey Range: 35E
  • Public Survey Section: 25
  • Dock YN: Yes
  • Dock Description: Dock - Wood, Dock w/o Electric, Dock w/Water Supply
  • Dock Dimensions: 10 x 3 ft
Utilities
  • Sewer: Private Sewer
  • Utilities: Other
  • Water Source: Public
  • Num Electric Meters: 5.0
  • Num Water Meters: 1.0
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Concrete
  • Exterior Features: Outdoor Kitchen, Sliding Doors
  • Foundation Details: Slab
  • Other Structures: Other
  • Patio And Porch Features: Front Porch, Patio, Screened
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Other
  • Security Features: Security Lights
  • Waterfront Features: Canal - Freshwater
  • Waterfront Feet Total: 145
Interior Features
  • Bedrooms Total: 5
  • Additional Rooms: Florida Room, Inside Utility, Storage Rooms
  • Appliances: Microwave, Range, Refrigerator
  • Cooling: Central Air, Wall/Window Unit(s)
  • Fireplace: No
  • Flooring: Vinyl, Wood
  • Green Indoor Air Quality: No Smoking-Interior Buildg
  • Heating: Central, Other
  • Interior Features: Ceiling Fans(s)
  • Laundry Features: Laundry Room, Outside
  • Living Area Source: Public Records
  • Living Area Units: Square Feet
  • Water View: Yes
Multi Family
Multi-Family Information
  • Annual Expenses: $26,730
  • Annual Net Income: $30,470.00
  • Gross Income: $57,200
  • Unit Count: 2
Unit 1
  • Unit Type Baths Total 1: 1
  • Unit Type Beds Total 1: 1
  • Unit Type Garage Attached 1: No
  • Unit Type Heated Sq Ft 1: 1100
  • Unit Type Number Of Units Occupied 1: 3
  • Unit Type Pro Forma 1: 2860
  • Unit Type Type 1: 1 Bedroom
  • Unit Type Units Total 1: 3
Unit 2
  • Unit Type Baths Total 2: 2
  • Unit Type Beds Total 2: 2
  • Unit Type Garage Attached 2: No
  • Unit Type Heated Sq Ft 2: 1200
  • Unit Type Number Of Units Occupied 2: 2
  • Unit Type Pro Forma 2: 1907
  • Unit Type Type 2: 2 Bed/2 Bath
  • Unit Type Units Total 2: 1
Rental
Rental Information
  • Total Actual Rent: $4,766

Property History for 3112 Southeast 29th Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3112 Southeast 29th Terrace

Taxable ValueLand$24,000Additions$200,465Total$224,465
Tax Record2023$3,856 ($321 / month)
Home Facts
Beds2Total Finished SqFt2,390 SqFtAbove Grade Finished SqFt2,390 SqFtLot Size10,846 SqFtStyleSingle Family ResidenceYear Built1971CountyOKEECHOBEEAPN1-25-37-35-0010-00020-0090

Schools near 3112 Southeast 29th Terrace

This home is within Okeechobee.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 12
Rating
School
Distance
Everglades Elementary School
PublicK to 5

Osceola Middle School
Public6 to 8

Okeechobee High School
Public9 to 12

Okeechobee Virtual Instruction Program
PublicK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3112 Southeast 29th Terrace is a multi-family home for sale in Okeechobee, FL 34974. This property was listed for sale on April 22, 2024 by IMPACT REALTY TAMPA BAY, it's currently listed at $675,000. This listing's school district is Okeechobee. Nearby schools include Everglades Elementary School, Osceola Middle School and Okeechobee High School. 3112 Southeast 29th Terrace is a 5-bed, 0-bath, 2,300 sqft multi-family home built in 1971.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of IMPACT REALTY TAMPA BAY

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.