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441 S Fletcher Ave

Fernandina Beach, FL 32034
  • $2,800,000
  • STATUS: Active
  • ON SITE: 16 Days
  • MLS #: 1142540
$2,800,000
  • 14
    BEDS
  • N/A
    ACRES
  • 14
    BATHS
  • 0
    1/2 BATHS
  • 6,218
    SQFT
  • $450
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1941
County:

School Ratings & Info

Description

Calling all investors! Here is a rare opportunity to have a one of a kind income producing 14 unit multi-family beach complex zoned R-3. Located on almost a half acre with public beach access across the street and peek-a-boo views of the Atlantic Ocean. Six of the units with 384 sf were newly remodeled in 2019-2020 to include new HVAC, vinyl plank flooring, new bathrooms, kitchen, laundry and new roof. Four of the units are 594 sf with living, kitchen, bed/bath and four of the units with 175 sf are efficiency units with one bed/bath. Currently not being used as vacation rental, but with R3 zoning nightly vacation rental is allowed with great cash flow potential. The metal roof on front building was replaced in 2015. As per Nassau Co property record card, the effective year built is 2000.

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© 2021 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Cady Realty are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2021-12-06T00:24:32.033.

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441 S Fletcher Ave Fernandina Beach, FL 32034

  • Price: $2,800,000
  • Status: Active
  • On Site: 16 Days
  • MLS #: 1142540
14
Beds
14
Baths
0
½ Baths
N/A
Acres
6,218
SQFT
$450
$/SQFT
1941
Built
Neighborhood:
Ocean City
County:
Nassau
Area:
40-Nassau County
Property Description
Calling all investors! Here is a rare opportunity to have a one of a kind income producing 14 unit multi-family beach complex zoned R-3. Located on almost a half acre with public beach access across the street and peek-a-boo views of the Atlantic Ocean. Six of the units with 384 sf were newly remodeled in 2019-2020 to include new HVAC, vinyl plank flooring, new bathrooms, kitchen, laundry and new roof. Four of the units are 594 sf with living, kitchen, bed/bath and four of the units with 175 sf are efficiency units with one bed/bath. Currently not being used as vacation rental, but with R3 zoning nightly vacation rental is allowed with great cash flow potential. The metal roof on front building was replaced in 2015. As per Nassau Co property record card, the effective year built is 2000.
Exterior Features

Building Stories 2 Stories Exterior Wall ConcreteStucco Lot Description Ocean View Navigable To Ocean YN No Parking Facilities > 1 Space Per Unit11 - 25 SpacesGuest Parking Pool No Pool Road Frontage State Road Road Surface Asphalt Road Roof Metal Waterfront Description Access To Ocean Waterfront YN No

Interior Features

Cooling Central CoolingWindow/Wall Unit Energy Features Ceiling Fan(S) Heating Central HeatingElectric Source Interior Amenities Partially FurnishedVinyl Plank Flooring Major Appliances DishwasherRange - ElectricRefrigerator Rental Includes DishwasherRange/OvenRefrigerator Water Heater Electric Water Heatr

Property Features

Annual Rent 252000.00 Buildings 2 Buildings Country Usa Current Zoning R3 Efficiency Rentals Over $300 P/Month Historic Area No Legal Name Of Subdiv Ocean City Multifamily Type Multi Units Occupancy At Closing One Bdrm Rentals Over $600/Month Possible Financing CashConventionalOwner Financing Square Foot Source Tax Roll Svcs Incl In Rent ElectricSewerWater Unit Info Efficiency Units 4 Unit Info Total Units 14 Unit Info1 Bedroom Units 10 Units 11 - 15 Units Utilities Sewer - PublicWater - Public

Listing courtesy of Coldwell Banker The Amelia Group.


© 2021 Northeast Florida Multiple Listing Service, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the Northeast Florida Multiple Listing Service, Inc. Real estate listings held by brokerage firms other than Cady Realty are marked with the listing broker’s name and detailed information about such listings includes the name of the listing brokers. Data provided is deemed reliable but is not guaranteed. Data last updated 2021-12-06T00:24:32.033.

Digital Millennium Copyright Act
 
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