501 Ocean Avenue

Fernandina Beach, Florida, 32034 United States

Fantastic investment opportunity! Recently updated oceanfront beach cottages included 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 unit is deemed correct but buyer should verify. Location is only minutes to downtown or state park.