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
Bathrooms Half
0

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

Location, Tax, and Legal

Country
US
Parcel Number
000031152000030030

Appliances

Dishwasher
Yes
Electric Oven
Yes
Electric Range
Yes
Electric Water Heater
Yes
Refrigerator
Yes

Construction Materials

Concrete
Yes
Stucco
Yes

Cooling

Central Air
Yes
Wall/Window Unit(s)
Yes

Flooring

Vinyl
Yes

Heating

Central
Yes
Electric
Yes

Listing Terms

Cash
Yes
Conventional
Yes
Owner May Carry
Yes

Owner Pays

Electricity
Yes
Sewer
Yes
Water
Yes

Parking Features

Assigned
Yes
Guest
Yes
Parking Lot
Yes

Pool Features

None
Yes

Possession

Negotiable
Yes

Road Surface Type

Asphalt
Yes

Roof

Metal
Yes

Sewer

Public Sewer
Yes

View

Ocean
Yes

Water Source

Public
Yes

Waterfront Features

Ocean Access
Yes
Listing Office: COLDWELL BANKER THE AMELIA GROUP
Source MLS Verified
Last Updated: February - 12 - 2025
Information deemed reliable but not guaranteed.