248 Flame Lane

North Fort Myers, FL 33917

$159,900
Price
3
Beds
2
Baths
1
1/2 Bath
1,050 Sq. Ft.
$152 / Sq. Ft.
1,050
Sq. Ft.
$152
per Sq. Ft.

Description

Welcome to your new investment opportunity! This manufactured home offers two units, providing a comfortable and low-maintenance living space for tenants. With a cap rate of 16.5%, this property promises a high return on investment for savvy investors. Additionally, each unit comes with its own carport, ensuring convenient and secure parking for residents. The low HOA fees ($28/ monthly) make this property even more appealing, allowing for maximum profit potential, and you OWN THE LAND. Whether you...Welcome to your new investment opportunity! This manufactured home offers two units, providing a comfortable and low-maintenance living space for tenants. With a cap rate of 16.5%, this property promises a high return on investment for savvy investors. Additionally, each unit comes with its own carport, ensuring convenient and secure parking for residents. The low HOA fees ($28/ monthly) make this property even more appealing, allowing for maximum profit potential, and you OWN THE LAND. Whether you are looking to expand your real estate portfolio or generate passive income, this manufactured home is the perfect choice. Don't miss out on this incredible opportunity to own a lucrative investment property in a desirable location. Take advantage of the high cap rate and low expenses to start earning a steady stream of income. Invest in your future today with this exceptional property!
  1. Listed by Jessica Shelton • Florida Resale Properties Inc

Property Details for 248 Flame Lane

Development
MOBILE MANOR
Building Design
Duplex
Community Type
Mobile/Manufactured
Waterfront
No
Waterfront Desc
None
Waterfront Desc
None
View
None/Other

Location

Listing Courtesy of Florida Resale Properties Inc, Jessica Shelton
Add your commute
LISTING UPDATED: 04/03/2024 01:59 PM

Property Details for 248 Flame Lane

StatusActive
MLS #224029928
Days on Market37
Taxes$1,360 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1967
Lot Size0.09 AC / 3,963 SF
CountyLee County

Location

Listing Courtesy of Florida Resale Properties Inc, Jessica Shelton
Add your commute

Building Information for 248 Flame Lane

Stories-Residences2Year Built1967Building Size-Lot Size0.09 AC / 3,963 SF

Payment Calculator

$986 per month

30 year fixed, 7.25% Interest

Principal and Interest

$873

Property Taxes

$113

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 248 Flame Lane

Summary
Location and General Information
  • City: NORTH FORT MYERS
  • Human Modified: Yes
  • Latitude: 26.69
  • Longitude: -81.86
  • MLS Area Major: FN07 - North Fort Myers Area
  • Pets: No Approval Needed
  • Postal Code: 33917
  • Street Name: Flame
  • Street Number: 248
  • Street Suffix: LN
  • Block: 8
  • Full Address: 248 Flame LN
Parking
  • Covered Spaces: .00
Taxes and HOA Information
  • Amenity Rec Fee: $.00
  • Application Fee: $.00
  • HOA Fee: $.00
  • Tax Annual Amount: $1,359.55
  • Tax Year: 2023
  • Transfer Fee: $.00
  • Association Fee 3: $.00
Property
Lot Information
  • Development Name: MOBILE MANOR
  • Parcel Number: 36-43-24-08-00008.0260
  • Property Type: Residential Income
  • Section: 36
  • Lot Unit: 26
  • Source of Measure Lot Dimensions: Appraiser
  • Lot Desc: Rectangular Lot
  • Acres: 0.091
  • Lot Size Area: 0.091
  • Lot Size Dimensions: 50 x 90 x 50 x 90
  • Source of Measurements: Appraiser
  • Lot Size Units: Acres
  • Legal Desc: MOBILE MANOR UNIT 3 BLK.8 OR 237 PG 712 LOT 26
Property and Assessments
  • Total Area: 1050.0
  • Possession: Subject To Tenant Rights
  • Property Condition: Resale
  • Property Sub Type: Duplex
  • Township: 43
  • Range: 24
  • Special Assessment: 0.00
  • Sub Condo Name: MOBILE MANOR
  • Year Built Numeric: 1967
  • Property Sub Type Additional: Duplex
  • Zoning Code: MH-1
Lease Information
  • Land Lease Fee: $.00
  • Lease Amount Per Area Unit: Dollars Per Square Foot
  • One Time Land Lease Fee: $.00
  • One Time Mandatory Club Fee: $.00
  • One Time Othe Fee: $.00
  • One Time Special Assessment Fee: $.00
Utilities
  • Sewer: Septic
  • Water Source: Assessment Paid, Public
  • Water: Assessment Paid, Central
Multi Family
Multi-Family Information
  • Gross Rental Income: $31,200.00
  • Annual Net Operating Income: $31,200.00
  • Annual Food And Beverage Minimum: 0.00
  • Number Of Units Total: 2
  • Annual Expenses: $.00
  • Other Fee: $.00
  • Units in Building: 2
Unit 1 Information
  • Monthly Gross Income: $1,600.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Description: Open Lanai/Porch,Range,Refrigerator,Washer/Dryer Hookup
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1600
  • Unit Type Type: Item2Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 1
  • Living Area: 800.0
Unit 2 Information
  • Monthly Gross Income: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Description: Open Lanai/Porch,Range,Refrigerator
  • Furnished: Unfurnished
  • Unit Type Garage Spaces: .00
  • Unit Type Pro Forma: 1000
  • Unit Type Type: Item1Bedroom
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Living Area: 250.0
Interior and Exterior Features
Exterior Features
  • Architectural Style: Duplex
  • Association Amenities: Billiard Room, Clubhouse, Shuffleboard Court
  • Canal Width: None
  • Construction: Manufactured
  • Exterior Features: None
  • Exterior Features: None
  • Irrigation Source: None
  • Private Pool: No
  • Roof: Metal
  • Structure Type: Duplex
  • Gulf Access: No
  • Spa: No
Interior Features
  • Baths Full: 2
  • Bathrooms Half: 1
  • Bathrooms Total Integer: 3.0
  • Beds Total: 3
  • Cooling: Central Air, Electric, Window Units
  • Cooling: Yes
  • Elevator Text Details: None
  • Flooring: Carpet, Tile, Vinyl
  • Heating: Central, Electric
  • Heating: Yes
  • Window Features: Jalousie, Single Hung
Rental
Rental Information
  • One Time Rec Lease Fee: $.00

Property History for 248 Flame Lane

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 248 Flame Lane

Taxable ValueLand$16,891Additions$54,288Total$71,179
Tax Record2023$1,360 ($113 / month)
Home Facts
Total Finished SqFt624 SqFtAbove Grade Finished SqFt624 SqFtStories1Lot Size4,700 SqFtStyleMobile / Manufactured HomeYear Built1967Year Renovated1983ZoningMH-1CountyLEEAPN36-43-24-08-00008.0260

Schools near 248 Flame Lane

This home is within Lee.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 5
Public - PK to 5
Public - PK to 8
Rating
School
Distance
J. Colin English Elementary School
PublicPK to 5

Hancock Creek Elementary School
PublicPK to 5

North Fort Myers Academy For The Arts
PublicPK to 8

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.

Similar Homes

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248 Flame Lane is a multi-family home for sale in North Fort Myers, FL 33917. This property was listed for sale on April 1, 2024 by Florida Resale Properties Inc, it's currently listed at $159,900. It has been on the market for a total of 37 days and was last sold on May 20, 2022. This listing's school district is Lee. Nearby schools include J. Colin English Elementary School, Dr Carrie D Robinson Littleton Elementary School and Hancock Creek Elementary School. 248 Flame Lane is a 3-bed, 2.5-bath, 1,050 sqft multi-family home built in 1967.

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.

Listing Courtesy of Florida Resale Properties Inc, Jessica Shelton

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