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501 Ocean Avenue

Fernandina Beach, FL 32034
  • $1,800,000
  • STATUS: Active
  • ON SITE: 106 Days
  • MLS #: 102343
UPDATED: 70 min ago
$1,800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1956
County:

School Ratings & Info

Description

FANTASTIC INVESTMENT OPPORTUNITY! Recently updated oceanfront beach cottages include 4 apartments, all approved for 30 day or more rental. With beautiful beach decor and furnished with everything one needs on vacation, each offers a true beach cottage experience. Some new appliances, fully furnished, and perfect for seasonal or long term renters. Large patio and grilling area for outdoor enjoyment. Ample parking and across the street from boardwalk to beach. Ideal property to meet the current demand for the "transition" tenant that is currently building or trying to find a home to purchase. If you are looking to build oceanfront, clear this large corner lot for new construction while collecting rental income during permitting for your new home construction. Fully stabilized rental will be 170K+ per year. Square footage for each units is deemed correct but buyer should verify. Location is only minutes to downtown or state park.

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© 2023 Amelia Island Nassau County Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Crest Realty. Data last updated: 2023-01-29T06:50:21.287.
www.crestrealtygafl.com/homes/133951245
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501 Ocean Avenue Fernandina Beach, FL 32034

  • Price: $1,800,000
  • Status: Active
  • On Site: 106 Days
  • Updated: 70 min ago
  • MLS #: 102343
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1956
Built
Neighborhood:
Georgia's Fernandina Beach
County:
Nassau
Area:
Ar 3 Beaches, Sub 0 Oceanfront
Property Description
FANTASTIC INVESTMENT OPPORTUNITY! Recently updated oceanfront beach cottages include 4 apartments, all approved for 30 day or more rental. With beautiful beach decor and furnished with everything one needs on vacation, each offers a true beach cottage experience. Some new appliances, fully furnished, and perfect for seasonal or long term renters. Large patio and grilling area for outdoor enjoyment. Ample parking and across the street from boardwalk to beach. Ideal property to meet the current demand for the "transition" tenant that is currently building or trying to find a home to purchase. If you are looking to build oceanfront, clear this large corner lot for new construction while collecting rental income during permitting for your new home construction. Fully stabilized rental will be 170K+ per year. Square footage for each units is deemed correct but buyer should verify. Location is only minutes to downtown or state park.
Exterior Features

Architectural Style One Story Construction Materials BlockConcrete Levels One Lot Size Dimensions 75 X 100 Parking Features Driveway Patio And Porch Features BrickOpenPatio Roof Shingle Window Features Aluminum FramesVinylBlinds

Interior Features

Cooling 1 UnitWall Unit(S) Cooling YN Yes Flooring Vinyl Furnished Furnished Heating Heat Pump Heating YN Yes Interior Features Ceiling Fan(S)FurnishedCable Tv

Property Features

Association YN No Disclosures Principal is Real Estate Licensed Listing Terms CashConventional Pool Features None Property Condition Resale Property Sub Type Multi Family Sewer Public Sewer Utilities Cable Available Water Source Public Zoning R-2

Listing provided courtesy of Nick Burke of One Sothebys International Realty: 904-277-6522.


© 2023 Amelia Island Nassau County Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Crest Realty. Data last updated: 2023-01-29T06:50:21.287.
 
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