$835,875
$900,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
337 N FLETCHER Avenue Fernandina Beach, FL 32034
5,000 Sqft Lot
Key Details
Sold Price $835,875
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 94392
Style Two Story
Year Built 1956
Lot Size 5,000 Sqft
Property Description
Tremendous income-generating investment and opportunity to build value. This 4-unit ocean view, multifamily property sits on the quiet North End and offers an annual income potential of between $45,000 (without improvements) to $80,000+ (with improvements). Two bottom units are one bed/one bath and top units are two beds/1 bath and two beds/two baths. All units are rented on month-to-month basis and tenants are prepared to stay or leave depending on your preference. Long term and extended stay rentals are EXTREMELY scarce on Amelia Island, and this property is zoned for either, giving you multiple rental options to maximize your yield. Adjacent 50 x 100 lot is also for sale (MLS #94393) with ability to build another duplex or multi-family, giving you the rare chance to increase your rental portfolio with two solid, in-demand beach rental properties that are conveniently located side-by-side.
Location
State FL
County Nassau
Area Ar 3 Beaches, Sub 1 Ocean View
Zoning R-2
Interior
Heating Central, Electric, Heat Pump
Cooling Central Air, Electric, 1 Unit, Wall Unit(s)
Flooring Vinyl, Wood
Exterior
Pool None
Utilities Available Cable Available
View Y/N 1
View Ocean
Roof Type Shingle
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Block,Concrete
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition None
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Bought with BERKSHIRE HATHAWAY HomeServices CWREI