441 S FLETCHER Avenue, Fernandina Beach, FL 32034
$2,700,000
Property Type:
Residential Income
Bedrooms:
14
Baths:
14
Square Footage:
6,218
Status:
Closed
Current Price:
$2,700,000
List Date:
11/19/2021
Last Modified:
2/12/2025
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.
More Information MLS# 1142540
Contract Information
Current Price: $2,700,000
Sold Price: $2,700,000
Status: Closed
Listing Contract Date: 2021-11-19
Location Tax and Legal
Street Number: 441
Street Direction Prefix: S
Street Name: FLETCHER
Street Suffix: Avenue
County: Nassau
State: FL
Postal Code: 32034
Subdivision Name: Ocean City
MLS Area Major: 430-Nassau County Beaches-North
General Property Information
Number Of Units Total: 14
Bedrooms Total: 14
Bathrooms Total: 14
Bathrooms Full: 14
Living Area: 6218
Living Area Source: Public Records
Year Built: 1941
Garage Spaces: 15
Pool Private YN: No
Waterfront YN: No
Furnished: Partially
Stories Total: 2
Stories: 2
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.
List Price/SqFt: 450.31
Sold Price/SqFt: 434.22
Status Change Information
Major Change Timestamp: 2022-02-24T22:00:01Z
Major Change Type: Status Change
Purchase Contract Date: 2021-12-08
Close Date: 2022-02-24
Close Price: 2700000
Historical Information
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
Property Features
Appliances: Dishwasher; Electric Oven; Electric Range; Electric Water Heater; Refrigerator
Construction Materials: Concrete; Stucco
Cooling: Central Air; Wall/Window Unit(s)
Flooring: Vinyl
Heating: Central; Electric
Listing Terms: Cash; Conventional; Owner May Carry
Owner Pays: Electricity; Sewer; Water
Parking Features: Assigned; Guest; Parking Lot
Pool Features: None
Possession: Negotiable
Road Surface Type: Asphalt
Roof: Metal
Sewer: Public Sewer
View: Ocean
Water Source: Public
Waterfront Features: Ocean Access
Listing Office: COLDWELL BANKER THE AMELIA GROUP
Last Updated: February - 12 - 2025
Information deemed reliable but not guaranteed.
