57 S FLETCHER Avenue ABC, Fernandina Beach, FL 32034 (MLS# 2038314)

Overview

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.

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
Bathrooms Half: 0

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

Contract Information

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

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

Location, Tax, and Legal

Unit Number: ABC
Country: US
Parcel Number: 000031102000540000
Tax Annual Amount: 23691.63
Tax Year: 2023
Tax Legal Description: LOT 54 AMELIA LIGHTHOUSE RESERVATION PB 2/24

More Information

Appliances

Dishwasher: Yes
Electric Range: Yes
Refrigerator: Yes

Construction Materials

Frame: Yes

Cooling

Electric: Yes

Current Use

Residential: Yes

Heating

Electric: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Lot Features

Irregular Lot: Yes

Parking Features

Varies by Unit: Yes

Pool Features

None: Yes

Possession

Close Of Escrow: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Sewer Connected: Yes
Water Connected: Yes

View

Beach: Yes

Water Source

Public: Yes