441 S FLETCHER Avenue, Fernandina Beach, FL 32034 (MLS# 1142540)

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

Overview

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.

Listing Details MLS# 1142540

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
Water Body Access 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

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

Contract Information

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

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

More Information

Listing Office: COLDWELL BANKER THE AMELIA GROUP

Last Updated: February - 12 - 2025

Information deemed reliable but not guaranteed.