Investment Opportunity🔨🏡 Fort Lauderdale, FL ($190K) ARV: 320K

[Lauren Berryman]

Charming 2-bedroom, 2-bath Manufactured home in Located in Ravenswood Estates, a community

Address: 5290 SW 23rd Ave, Fort Lauderdale, FL 33312

Price: $190,000
ARV: $320,000

Property Type: Mobile/Manufactured Home

• Owner Occupied
• Beds / Baths: 2 beds / 2 baths
• Living Area: 1,425 sq ft
• Year Built: 1982
• Lot Size: 3,484 sq ft
• Construction / Exterior: Manufactured home
• Occupancy & Access: Located in Ravenswood Estates, a community where residents own the land

• HOA Fees: Approximately $53 per month

—

Ravenswood Estates – Overview

Very nice manufactured home located in Ravenswood Estates. It features spacious living, dining, and family rooms. Additional highlights include built-ins, an extra-large master walk-in closet, and lots of storage. The large screened-in porch under the carport includes a shed, and residents have access to a community pool. The property is well-maintained

• Land Ownership: Residents own both the home and the lot (not a land-lease).
• Community Type: All-ages, well-kept manufactured home neighborhood.
• Amenities: Olympic-size pool, clubhouse, tennis courts, and common area maintenance.
• Location: Close to Dania Pointe, Hard Rock Casino, shopping, dining, and ~4 miles to the beach.
• Benefits: More stability, equity, and resale value than typical mobile home parks with leased land.

Interior / Features

• Single Story: Yes
• Foundation: Manufactured home on a concrete slab
• Parking: Covered carport with space for 2 vehicles
• Roof: Metal roof

Taxes & Assessment

• 2024 Property Tax: $1,603
• Annual Taxes 2025: Estimated at $2,02

COMPS: Manufactured homes

1. 5290 SW 23rd | $285,000 | 2 / 2 | 1,344 | 1980 | Mar 26, 2025
2. 5280 SW 23rd Ave | $295,000 | 2 / 2 | 990 | 1981 | Active Listing
3. 5270 SW 23rd Ave | $279,100 | 3 / 2 | 1,130 | 1982

Rent Estimates:

• $2,360 – $2,500 / Month

Overall inspector opinion:

• Property is in good condition overall for age (105 years).

Condition & Rehab:

• Roof: Covering is at the end of its life expectancy. Signs of wear
• Foundation: No structural concerns noted. Typical settlement observed but within normal range for age.
• Electrical: Panel is older - Should have a electrician upgrade panel and wiring
• Plumbing: Older supply lines with some corrosion.
• HVAC: System is 15+ years old Replacement recommended within next 1–2 years.

Major Upgrades Needed:

• Roof replacement
• Electrical panel/wiring corrections
• Partial plumbing upgrades (supply lines, bathroom)
• HVAC replacement (near future)