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

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

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.

Listing Details MLS# 2038314

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
Listing Office: THE MASSEY REAL ESTATE GROUP INC
Source MLS Verified
Last Updated: March - 07 - 2025
Information deemed reliable but not guaranteed.