121 Lantern Place, North Fort Myers, FL 33917

Property Description

At $54,800, you might want to do the math before you judge the wallpaper! Most recently rented for $1,235 per month, this 1-bedroom, 1-bath mobile home isn’t pretending to be something it’s not. It’s largely original, it needs TLC, and that’s exactly why an investor, landlord or bargain hunter may want to take a closer look. With a successful rental history, exceptionally low entry price and some remarkably low carrying costs, there may be more opportunity here than first meets the eye. The floorplan offers considerably more living space and flexibility than the bedroom count might suggest. The kitchen is mostly original but has benefited from a newer refrigerator, sink and faucet. Even better for someone looking for a potentially quicker turnaround, the home is being sold FURNISHED. Overhead is a METAL ROOF (age unknown), while outside you’ll find a covered carport and a small storage shed housing the WASHER AND DRYER. There is currently no central air conditioning; however, two capable window A/C units have been keeping the home cool. The property did have central air in the past, giving a future owner the option to investigate installing and reconnecting a central HVAC system. Then there are the ongoing costs—and investors know that what goes OUT every month matters just as much as what comes IN. Mobile Manor has a VOLUNTARY HOA with fees of only $28 per month. The community also operates its own on-site water company, with the owner’s past water bills running approximately $45 every TWO MONTHS. Combine those low costs with a most recent rental rate of $1,235 per month and a $54,800 asking price, and you have some numbers that are certainly worth putting to your own calculator. Convenience may help the rental story too. A public LeeTran BUS STOP is located right at the entrance to Mobile Manor, while shopping, grocery stores, pharmacies, restaurants and other everyday necessities are close at hand. I-75 is also easily accessible, making it convenient to get around SW Florida. Affordability doesn’t mean giving up the Florida lifestyle! When it’s time to trade errands for flip-flops, the world-famous BEACHES AND ISLANDS of Southwest Florida are just a short drive away. A combination that can be hard to find at this price point: public transportation, everyday conveniences within reach, I-75 access and the beaches, islands, sunshine and outdoor lifestyle that draw people to SW Florida in the first place. The property has NO HISTORY OF FLOODING. Hurricane Ian did take the former lanai, which has not been replaced. Otherwise, what you see is what you get: an older mobile home in original condition that’s ready for someone willing to roll up their sleeves and give it some attention. Bring your vision, bring your toolbox—and most importantly, bring your calculator, because this little property might just make a whole lot of sense. Do the MATH and the numbers will certainly make you STOP SCROLLING!