57 S FLETCHER Avenue ABC, Fernandina Beach, FL 32034
$1,685,000
Property Type:
Residential Income
Square Footage:
6,173
Lot Size (sq. ft.):
14,810
Status:
Closed
Current Price:
$1,685,000
List Date:
7/22/2024
Last Modified:
3/07/2025
Description
Attention Investors! An exceptional opportunity awaits you to acquire an income-producing property in the sought-after location of Fernandina Beach, Florida. This property consists of three buildings, each housing two units. Four out of the six apartments have been completely reconditioned, including Apartment A-1, a 2-bedroom, 2-bathroom unit that has been tastefully furnished. Additionally, Apartment C-1 features a one-car garage for added convenience. The current annual income generated by these six units exceeds $150,000. All units have front patios and five units have back patios with a view of the beach.This great investment is directly across from the ocean, where public beach access is located. Newer roofs and all central air conditioning. Ample parking and great tenants! Don't miss out on the chance to own a piece of prime real estate on one of Florida's most beautiful beaches.
More Information MLS# 2038314
Contract Information
Current Price: $1,685,000
Sold Price: $1,685,000
Status: Closed
Listing Contract Date: 2024-07-22
Property Sub Type: Multi Family
Location Tax and Legal
Street Number: 57
Street Direction Prefix: S
Street Name: FLETCHER
Street Suffix: Avenue
County: Nassau
State: FL
Postal Code: 32034
Subdivision Name: City Of Fernandina Beach
MLS Area Major: 430-Nassau County Beaches-North
General Property Information
Living Area: 6173
New Construction YN: No
Year Built: 1993
Garage YN: No
Carport YN: No
Lot Size Acres: 0.34
Lot Size Dimensions: 50x300x50x308
CDD Fee YN: No
Pool Private YN: No
Water Body Access YN: No
Furnished: Partially
Stories Total: 2
Stories: 2
Directions: From Atlantic, head south on S Fletcher. Apartment buildings will be on the right hand side just past the surf shop.
Public Remarks: Attention Investors! An exceptional opportunity awaits you to acquire an income-producing property in the sought-after location of Fernandina Beach, Florida. This property consists of three buildings, each housing two units. Four out of the six apartments have been completely reconditioned, including Apartment A-1, a 2-bedroom, 2-bathroom unit that has been tastefully furnished. Additionally, Apartment C-1 features a one-car garage for added convenience. The current annual income generated by these six units exceeds $150,000. All units have front patios and five units have back patios with a view of the beach.This great investment is directly across from the ocean, where public beach access is located. Newer roofs and all central air conditioning. Ample parking and great tenants! Don't miss out on the chance to own a piece of prime real estate on one of Florida's most beautiful beaches.
List Price/SqFt: 290.78
Sold Price/SqFt: 272.96
Status Change Information
Major Change Timestamp: 2024-12-13T19:02:23Z
Major Change Type: Status Change
Purchase Contract Date: 2024-09-30
Close Date: 2024-12-12
Close Price: 1685000
Property Features
Appliances: Dishwasher; Electric Range; Refrigerator
Construction Materials: Frame
Cooling: Electric
Current Use: Residential
Heating: Electric
Listing Terms: Cash; Conventional
Lot Features: Irregular Lot
Parking Features: Varies by Unit
Pool Features: None
Possession: Close Of Escrow
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected
View: Beach
Water Source: Public
Listing Office: THE MASSEY REAL ESTATE GROUP INC
Last Updated: March - 07 - 2025
Information deemed reliable but not guaranteed.