540 NW 24th Avenue, Okeechobee, FL 34972 (MLS# F10541239)

540 NW 24th Avenue, Okeechobee, FL 34972

$389,900

Virtual Tour

https://www.propertypanorama.com/540-NW-24th-Ave-Okeechobee-FL-34972/unbranded

Property Type: Residential Income Square Footage: 2,252 Status: Active

Current Price: $389,900 List Date: 12/15/2025 Last Modified: 3/18/2026

Overview

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 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.

Listing Details MLS# F10541239

General Property Information

Number Of Units Total: 2
Property Sub Type: Duplex
Building Area Main: 2252
Building Area Source: Appraiser
Living Area Main: 1680
Living Area Source: Appraiser
Accessibility Features YN: No
Year Built: 1991
Parking Total: 8
Gated Community YN: No
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: Yes
Pool Private YN: No
LP/Assessed Value: 2.07

Property Features

Documents Available: Copy Of Lease(s) Exterior Features: Courtyard; Storage Fencing: Chain Link; Fenced; Privacy Flooring: Carpet; Vinyl Foundation Details: Slab Property Condition: Resale Special Listing Conditions: Standard Tenant Pays: Electricity Construction Materials: Block; CBS; Stucco Cooling: Ceiling Fan(s); Central Air; Central Individual; Electric Heating: Central; Electric; Separate Meters Laundry Features: Electric Dryer Hookup; Laundry Room; Washer Hookup Levels: One Listing Terms: Cash; Conventional Lot Features: Corner Lot Main Living Area: Entry Level Other Structures: Outbuilding; Workshop Pets Allowed YN: Yes Pets Allowed: No Restrictions Possession: Close Of Escrow Restrictions: No Restrictions Road Frontage Type: City Street Road Responsibility: Public Maintained Road Road Surface Type: Asphalt; Paved Roof: Aluminum; Metal Sewer: Septic Tank Special Information: Sold As-Is Tax Information: Tax Reflects No Exemptions Utilities: Cable Connected; Electricity Available; Phone Available; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent; Occupied; Schedule Online; Sign On Property; Text Listing Agent Occupant Details: Tenant Occupied Outdoor Living Spaces: Courtyard; Deck; Patio; Porch Balcony Details: Balcony - Covered Courtyard Details: Courtyard - Open Patio Details: Patio - Covered; Patio - Screened Porch Details: Porch - Open; Porch - Screened Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 1 Parking Features: Open Parking; Parking Space Unit 1 Rooms: Family Room; Kitchen; Laundry Room Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Other Equipment: Air Conditioning Unit; Washer/Dryer Hookups Unit 2 Parking Features: Open Parking; Parking Space Unit 2 Rooms: Family Room; Kitchen; Laundry Room; Utility Room

Contract Information

Comp Sale YN: No
Original List Price: 424900
Listing Service: Full Service

Location and Legal

Country: United States
County Or Parish: Okeechobee
County Parish Name: Okeechobee
Street Number: 540
Street Direction Prefix: NW
Street Name: 24th
Street Suffix: Avenue
City Name: Okeechobee
State Or Province: FL
Postal Code: 34972
Postal Code +4: 2351
Postal Zip: 34972
Subdivision Name: Okeechobee Park
Area: 6240 - NW County (OK)
Geographic Area: OKCB - Okeechobee
Special Assessment YN: No
Parcel Number: R11737350020002700130
Zoning: Multi-family

Financial Information

Tax Annual Amount: 3957
Tax Year: 2024
Tax Assessed/SOH Value: 188675
Tax Legal Description: SUBDIVISION OF A PORTION OF "OKEECHOBEE PARK" (PLAT BOOK 1 PAGE 28) LOTS 13 TO 18 INC BLOCK 27
Assessor Market Value: 188675
Estimated Monthly Assoc Recurring Fee: 0

Status Change Information

Major Change Timestamp: 2026-02-20T17:50:13Z
Major Change Type: Price Reduced
Price Change Timestamp: 2026-02-20T17:50:13Z
Status Change Date: 2025-12-15

More Information

Co-Ownership

Property Management YN: No

Meter Information

Separate Electric Meters YN: Yes
Number Of Separate Electric Meters: 2
Separate Gas Meters YN: No
Separate Water Meters YN: No

Ceiling Fan Details

Number Of Ceiling Fans: 6

Pet Details

Pet Fee YN: No

Showing Details

Pet(s) on Premises: No

Unit 1 Details

Actual Rent: 800
Baths Full: Yes
Efficiency YN: No
Furnished: Partially
Hotel Room YN: No
SqFt: 840

Unit 1 Lease Description

Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-05-01
Occupant Type: Tenant

Unit 1 Parking Details

Carport YN: No
Garage YN: No

Unit 2 Details

Actual Rent: 850
Baths Full: Yes
Efficiency YN: No
Furnished: Partially
Hotel Room YN: No
SqFt: 840

Unit 2 Lease Description

Currently Leased YN: Yes
Lease Term: Month To Month
Lease Expiration: 2026-05-01
Occupant Type: Tenant

Unit 2 Parking Details

Carport YN: No
Garage YN: No

Price Calculations

Current Price To SqFt: 173.13

Section Details

Parcel Number MLX: 0130

Originating Details

Originating System Key: 607743267
Originating System ID: M00000170

Office/Member Information

DXORIGMLSID: RML

Exterior Features

Courtyard: Yes
Storage: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Foundation Details

Slab: Yes

Property Condition

Resale: Yes

Special Information

Sold As-Is: Yes

Special Listing Conditions

Standard: Yes

Documents Available

Copy Of Lease(s): Yes

Fencing

Chain Link: Yes
Fenced: Yes
Privacy: Yes

Tenant Pays

Electricity: Yes

Other Structures

Outbuilding: Yes
Workshop: Yes

Possession

Close Of Escrow: Yes

Sewer

Septic Tank: Yes

Utilities

Cable Connected: Yes
Electricity Available: Yes
Phone Available: Yes
Sewer Connected: Yes
Water Connected: Yes

Heating

Central: Yes
Electric: Yes
Separate Meters: Yes

Construction Materials

Block: Yes
CBS: Yes
Stucco: Yes

Laundry Features

Electric Dryer Hookup: Yes
Laundry Room: Yes
Washer Hookup: Yes

Levels

One: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Corner Lot: Yes

Road Frontage Type

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Road Surface Type

Asphalt: Yes
Paved: Yes

Roof

Aluminum: Yes
Metal: Yes

Water Source

Public: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Central Individual: Yes
Electric: Yes

Showing Requirements

Appointment Only: Yes
Call Listing Agent: Yes
Occupied: Yes
Schedule Online: Yes
Sign On Property: Yes
Text Listing Agent: Yes

Main Living Area

Entry Level: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

No Restrictions: Yes

Restrictions

No Restrictions: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Occupant Details

Tenant Occupied: Yes

Outdoor Living Spaces

Courtyard: Yes
Deck: Yes
Patio: Yes
Porch: Yes

Balcony Details

Balcony - Covered: Yes

Courtyard Details

Courtyard - Open: Yes

Patio Details

Patio - Covered: Yes
Patio - Screened: Yes

Porch Details

Porch - Open: Yes
Porch - Screened: Yes

Unit 1 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Other Equipment

Air Conditioning Unit: Yes
Washer/Dryer Hookups: Yes

Unit 1 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 1 Patio/Porch

Patio/Porch: Yes

Unit 1 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes

Unit 2 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Other Equipment

Air Conditioning Unit: Yes
Washer/Dryer Hookups: Yes

Unit 2 Parking Features

Open Parking: Yes
Parking Space: Yes

Unit 2 Patio/Porch

Screened Porch: Yes

Unit 2 Rooms

Family Room: Yes
Kitchen: Yes
Laundry Room: Yes
Utility Room: Yes

Listing Office: Brown & Company Realty, INC

Last Updated: March - 18 - 2026

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