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1990 S Fletcher Ave 6 Unit Apartment Building Offered at $5,010,120 CAD Fernandina Beach, FL 32034
Executive Summary
AMELIA ISLAND OCEANFRONT INVESTMENT OPPORTUNITY.......6 Oceanfront Rental Units....ZONED C-1 COMMERCIAL...DIRECT BEACH ACCESS by PRIVATE BEACHWALKOVER to the OCEAN....Current owner has made CONSIDERABLE IMPROVEMENTS including: New roof 2020, all new hot water heaters, windows, exterior doors, stucco, interior upgrades, Two TV's per unit, patio furniture, fixtures, etc....Unit 1 - 2 bed/2ba, Unit 2 - 1 bed/1 ba, Unit 3 - 1 bed/1 ba, Unit 4 - 2 bed/2 ba, Unit 5 - 1 bed/ 1 ba, Unit 6 - 2 bed/2 ba...The 2 bedroom units are ROOMY....SOLD with FURNISHINGS...EACH unit has WASHER & DRYER...Each unit individually metered...3 units with OCEAN VIEWS & OPEN PATIOS, 3 units with covered patios....PRIVATE PARKING LOT....85 ft frontage....Near multiple restaurants & shopping....Minutes from downtown Fernandina Beach.
Property Facts
| Price | $5,010,120 CAD | Lot Size | 0.39 AC |
| Price Per Unit | $835,020 CAD | Building Size | 4,598 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1946/1976 |
| Apartment Style | Low-Rise | Parking Ratio | 2.17/1,000 SF |
| Building Class | C | ||
| Zoning | C-1 - Zoned C-1. Ocean Front/Ocean View. Investment alert!! Daily/ Weekly/ Monthly Rentals Allowed . Strong ROI | ||
| Price | $5,010,120 CAD |
| Price Per Unit | $835,020 CAD |
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.39 AC |
| Building Size | 4,598 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1946/1976 |
| Parking Ratio | 2.17/1,000 SF |
| Zoning | C-1 - Zoned C-1. Ocean Front/Ocean View. Investment alert!! Daily/ Weekly/ Monthly Rentals Allowed . Strong ROI |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Disposal
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Kitchen
- Refrigerator
- Oven
- Views
- Deck
- Family Room
- Instant Hot Water
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | 750 |
| 1+1 | 2 | - | 1,092 |
| 2+1 | 1 | - | 2,185 |
| 2+2 | 2 | - | 2,185 |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 00-00-31-1460-0043-0020 | Improvements Assessment | $1,222,526 CAD |
| Land Assessment | $2,227,833 CAD | Total Assessment | $3,450,360 CAD |
Property Taxes
Parcel Number
00-00-31-1460-0043-0020
Land Assessment
$2,227,833 CAD
Improvements Assessment
$1,222,526 CAD
Total Assessment
$3,450,360 CAD
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1990 S Fletcher Ave
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