Listed by McAdoo Multifamily Advisors
$949,000
337 N FLETCHER Avenue
Details
APN 000031134B02230000
Property Type Multifamily, Land
Sub Type Apartment Building, Residential
Units 4
Year Built 1956
Buildings 1
Acreage 0.110
FERNADINA BEACH QUAD W/ OCEAN VIEW
Marketing description
Four-unit ocean view multifamily on Amelia Island's quiet North End - one block from the Atlantic.
CURRENTLY AT 100% OCCUPANCY!
Diverse unit mix: (2) 1BD/1BA ground-floor + (1) 2BD/1BA and (1) 2BD/2BA upper units. Summer lease expirations and MTM tenancy offer immediate flexibility to reposition or renovate. Projected pro forma income of ~$88,000 at market rents.
Long-term rental inventory on Amelia Island is extremely limited. Tourism generated $1.2B in economic impact in 2023 (+21% since 2021), with operators reporting a near year-round visitor pattern. Median HHI in Fernandina Beach is $92,535; average island HHI is $135,075.
Minutes from Main Beach Park, Salt Life Food Shack, and The Sandbar. Short drive to Historic Downtown Fernandina Beach. Mayport NAS ~27 miles. Baptist Medical Center Nassau 2.2 miles away.
Coastal multifamily this close to the water rarely comes to market on Amelia Island.
Investment highlights
- FOUR UNITS STEPS FROM THE OCEAN ON AMELIA ISLAND'S HIGHLY SOUGHT AFTER NORTH END
- VALUE ADD - BELOW MARKET RENTS
- (2) 1BD/1BA, (1) 2BD/1BA and (1) 2BD/2BA
- 100% OCCUPANCY
- CURRENTLY GROSSING $71,400 ANNUALLY
Listing Contacts
Listed by McAdoo Multifamily Advisors
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