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Key Details
Property Type Multi-Family, Condo
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,164 sqft
Price per Sqft $314
Subdivision Metes & Bounds
MLS Listing ID 2134148
Bedrooms 6
Full Baths 5
Year Built 1956
Annual Tax Amount $13,561
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Quadruplex
Source realMLS (Northeast Florida Multiple Listing Service)
Property Description
Four-unit ocean view multifamily on Amelia Island's quiet North End -- one block from the Atlantic.
Diverse unit mix: (2) 1BD/1BA ground-floor + (1) 2BD/1BA and (1) 2BD/2BA upper units. Summer lease expirations, MTM tenancy, and a vacant unit 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.
Location
State FL
County Nassau
Community Metes & Bounds
Area 430-Nassau County Beaches-North
Direction 200 North, Right on Atlantic, Left on Tarpon, Right on Dolphin, Left on North Fletcher - Building 2nd on Left, pink two-story quad.
Interior
Heating Central
Cooling Central Air, Wall/Window Unit(s)
Flooring Tile, Wood
Laundry Common Area
Exterior
Parking Features Off Street, Parking Lot, Unassigned
Utilities Available Electricity Connected, Water Connected
View Ocean
Roof Type Shingle
Garage No
Private Pool No
Building
Lot Description Cleared, Few Trees
Story 2
Sewer Public Sewer
Water Public
Level or Stories 2
Structure Type Concrete
New Construction No
Others
Tax ID 000031134B02230000
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Nearby Locations
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