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  • Screenshot 2023-08-09 at 8.04.11 AM
11340 Azalea Ln, Fort Myers Beach, FL 33931
11340 Azalea Ln, Fort Myers Beach, FL 33931
SOLD! $89,990 - Mobile Home
1366 Sq Ft 3 Bedrooms 2 Bathrooms 1970 Year Built .10 Acre Lot

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
Property Location