Sotheby's International Realty® Listing
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    501 Ocean Avenue
    Fernandina Beach, Florida, 32034
    United States
    501 Ocean Avenue Fernandina Beach, Florida, 32034 United States
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    501 Ocean Avenue
    Fernandina Beach, Florida, 32034 United States

    Nick Burke
    Listing image
    Listing image

    Property details

    • Property type

      Multi-Family Homes

    • Status

      Available

    • Year Built

      1956

    501 Ocean Avenue, Fernandina Beach, FL

    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.

    Amenities & Features

    • Listing Details
      • Property ID
        37HV6Y
      • MLS#
        102343
      • Property type
        Multi-Family Homes
      • Marketed By
        ONE Sotheby's International Realty
      • Status
        Available
      • Listing Price
        $1,800,000
      • County
        Nassau County
      • School District
        Nassau County
    • Utilities & Building
      • Year Built
        1956