11340 Azalea Ln, Fort Myers Beach, FL 33931
SOLD! $89,990 - Mobile Home
Additional Details
- Ideal Investment Strategy: Rental/Resale
- Potential ARV: $230,000-$250,000
- Estimated Rehab: $50,000-$80,000
- Comparable Rent: $2,200-$2,400
- Construction: Mobile Home
- Occupancy: Call your Agent
- Pre-Hurricane Comp 1: 11350 Bayside Blvd, Fort Myers Beach, FL 33931 - 2/2 1,416 sqft SOLD $265,000 on 06/02/2022 (1973 build mobile, pre hurricane ian, not on the water, same community)
- Pre-Hurricane Comp 2: 11380 Bayside Blvd, Fort Myers Beach, FL 33931 - 2/2 1,127 sqft SOLD $232,500 on 05/12/2022 (1980 build mobile, pre-hurricane ian, not on the water, same community)
- Post-Hurricane Comp 1: 11250 Azalea Ln, Fort Myers Beach, FL 33931 - 3/2 1,012 sqft AS-IS SOLD $111,000 on 01/30/2023 (1969 build mobile, gutted/distressed, not on the water, same community)
- Post-Hurricane Comp 2: 11170 Bayside Ln, Fort Myers Beach, FL 33931 - 2/2 672 sqft AS-IS SOLD $95,000 on 08/02/2023 (1983 build mobile, gutted to the studs, not on the water, same community)
- Rental Comp: 17861 Stevens Blvd, Fort Myers Beach, FL 33931 - 2/2 1,401 sqft listed for rent $3,000/mo (2005 mobile home build, completely renovated
- Rehab Description: For a flip or rental this needs a complete renovation to the mobile home. Five feet of interior flooding occurred and the interior needs to be rehabbed. Revitalize the kitchen, bathrooms, flooring, walls, fixtures, and appliances. Central A/C will need to be fixed and likely need a new roof. Optionally, replace the mobile home with a new one, however the existing one appears to be salvageable.
- Features: Prime Location!!! This large two bedroom, two bathroom mobile home features 1,366 living sqft, includes an additional bedroom/attached mother-in-law addition, has a carport, and sits on a .10 acre lot. Being offered vacant at close and ready to be restored for an ideal flip or potential rental opportunity in a 55+ community with low HOA fees & where you own the land. Located close to beaches, Sanibel, Bunche, and Fort Myers Beach, you don't want to miss out.
- Important Details: --> Vacant at close! --> 55+ HOA $600/Quarterly includes sewer, water, grass maintenance, internet, use of the amenities. You own the land. --> No short term rentals (minimum of 90 days) & at least one occupant needs to be 55+ --> $2,400 initial capital contribution --> 2022 Tax Assessed at $171,491
- Hard Money: Pre-Approved by PropertyForce Funding for up to 60% LTV – See PropertyForce Funding Tab