441 S FLETCHER Avenue
Fernandina Beach, FL 32034
MLS# 1142540
Status:
Closed14 beds | 14 baths
Property DescriptionCalling 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.
Country: US
Parcel Number: 000031152000030030
Bathrooms Half: 0
Living Area: 6218
Number Of Units Total: 14
Living Area Source: Public Records
Waterfront YN: No
Directions: Atlantic Ave to S Fletcher, 441 is on the west side of Fletcher Ave.
Public Remarks: 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.
Garage Spaces: 15
Pool Private YN: No
Furnished: Partially
Stories: 2
Stories Total: 2
Water Body Access YN: No
List Price/SqFt: 450.31
Sold Price/SqFt: 434.22
Bedrooms Total: 14
Bathrooms Total: 14
Bathrooms Full: 14
Dishwasher: 1
Electric Oven: 1
Electric Range: 1
Electric Water Heater: 1
Central Air: 1
Wall/Window Unit(s): 1
Public Historical Remarks 1: # 1 Bedroom Units: 10, Type-Multi Units: Y, Waterfront Description- Access to Ocean: Y, Number of Buildings: 2 Buildings, One Bedroom Rentals: Over $600/Month, Energy Features-Ceiling Fan(s): Y
Public Historical Remarks 2: Annual Rent: 252000.00, Number of Units-11 - 15 Units: Y, # Efficiency Units: 4, Efficiency Rentals: Over $300 P/Month
Public Historical Remarks 3: Current Zoning: R3
Current Price: $2,700,000
Sold Price: $2,700,000
Status: Closed
Listing Contract Date: 2021-11-19
Street Number: 441
Street Direction Prefix: S
Street Name: FLETCHER
Street Suffix: Avenue
Postal Code: 32034
Subdivision Name: Ocean City
MLS Area Major: 430-Nassau County Beaches-North
Major Change Timestamp: 2022-02-24T22:00:01Z
Major Change Type: Status Change
Purchase Contract Date: 2021-12-08
Close Date: 2022-02-24
Appliances: Dishwasher; Electric Oven; Electric Range; Electric Water Heater; Refrigerator
Construction Materials: Concrete; Stucco
Cooling: Central Air; Wall/Window Unit(s)
Heating: Central; Electric
Listing Terms: Cash; Conventional; Owner May Carry
Owner Pays: Electricity; Sewer; Water
Parking Features: Assigned; Guest; Parking Lot
Road Surface Type: Asphalt
Waterfront Features: Ocean Access
Listing Office: COLDWELL BANKER THE AMELIA GROUP
Last Updated: February - 12 - 2025
Information deemed reliable but not guaranteed.
