$1,685,000
SOLD DEC 12, 2024

57 S Fletcher Ave Fernandina Beach, FL 32034

-- Bed
-- Bath
-- Sq Ft
0.34 Acres

Recently Sold

11% Below List Price

147 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Cooling Available
  • Emma Love Hardee Elementary School Rated A-
  • Wood Frame Window
  • Central Heating

About This Home

As of December 2024

Attention Investors! An exceptional opportunity awaits you to acquire an income-producing property in the sought-after location of Fernandina Beach, Florida. This property consists of three buildings, each housing two units. Four out of the six apartments have been completely reconditioned, including Apartment A-1, a 2-bedroom, 2-bathroom unit that has been tastefully furnished. Additionally, Apartment C-1 features a one-car garage for added convenience. All units have front patios and five units have back patios with a view of the beach. This great investment is directly across from the ocean, where public beach access is located. Newer roofs and all central air conditioning. Ample parking and great tenants! Don't miss out on the chance to own a piece of prime real estate on one of Florida's most beautiful beaches.

Last Agent to Sell the Property

Kathleen Massey

THE MASSEY REAL ESTATE GROUP, INC. License #0625940 Listed on: 05/07/2024

Co-Listed By

Kasey Massey Monteiro

THE MASSEY REAL ESTATE GROUP, INC. License #3298316

Last Buyer's Agent

Kathleen Massey

THE MASSEY REAL ESTATE GROUP, INC. License #0625940 Listed on: 05/07/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,692

Year Built

  • Built in 1993

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 50x300x50x308

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2-Story Property
  • Wood Frame Window

Flooring

  • Wood
  • Tile

Utilities

  • Cooling Available
  • Central Heating
  • Septic Tank

Community Details

  • No Home Owners Association
  • 6 Units
  • Amelia Lighthouse Reservation Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00-00-31-1020-0054-0000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,692

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Sub Type: Multi Family
  • Prop. Type: Residential
  • Lot Size Acres: 0.34
  • Lot Size: 50x300x50x308
  • Co List Office Mls Id: MASSE
  • Co List Office Phone: 561-307-8790
  • Subdivision Name: Amelia Lighthouse Reservation
  • Directions: From Atlantic, head south on S Fletcher. Apartment buildings will be on the right hand side just past the surf shop.
  • Architectural Style: Two Story
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 1993
  • Property Sub Type Additional: Multi Family
  • Special Features: None
  • Stories: 2

Interior Features

  • Flooring: Tile, Wood
  • Window Features: Aluminum Frames, Wood Frames

Exterior Features

  • Disclosures: Principal is Real Estate Licensed
  • Construction Type: Frame
  • Property Condition: Resale
  • Roof: Metal

Garage/Parking

  • Parking Features: Other, See Remarks

Utilities

  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer, Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel #: 00-00-31-1020-0054-0000
  • Zoning: C-1
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units Total: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2024
Closed on
Dec 12, 2024
Sold by
G Street Apts Llc
Bought by
Orgam Llc
Seller's Agent
Kathleen Massey
THE MASSEY REAL ESTATE GROUP, INC.
Buyer's Agent
Kathleen Massey
THE MASSEY REAL ESTATE GROUP, INC.
List Price
$1,895,000
Sold Price
$1,685,000
Premium/Discount to List
-$210,000
-11.08%
Views
44
Current Estimated Value
$1,717,604

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,604
Avg. Annual Appreciation
2.36%

Purchase Details

Closed on
Apr 14, 2015
Sold by
Lodging Resources Inc
Bought by
Lodging Resources Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,685,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/12/2024 12/12/24 Sold $1,685,000 -6.1% --
10/01/2024 10/01/24 Pending -- -- --
07/10/2024 07/10/24 Price Changed $1,795,000 -5.3% --
05/07/2024 05/07/24 For Sale $1,895,000 0.0% --
02/20/2024 02/20/24 Rented -- -- --
01/23/2024 01/23/24 For Rent $2,800 +24.4% --
08/23/2023 08/23/23 Rented -- -- --
08/15/2023 08/15/23 For Rent $2,250 0.0% --
03/31/2022 03/31/22 Sold $1,200,000 +23.1% -- View Prior Sale
03/01/2022 03/01/22 Pending -- -- --
07/15/2019 07/15/19 For Sale $975,000 -- --
Source: Amelia Island - Nassau County Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $23,692 $1,248,910 $592,000 $656,910
2023 $23,692 $1,260,709 $518,000 $742,709
2022 $14,160 $785,292 $222,000 $563,292
2021 $13,205 $694,569 $222,000 $472,569
2020 $13,602 $697,365 $222,000 $475,365
2019 $14,381 $697,948 $219,780 $478,168
2018 $0 $700,778 $0 $0
2017 $14,029 $703,876 $0 $0
2016 $14,049 $693,897 $0 $0
2015 -- $543,097 $0 $0
2014 -- $545,788 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Amelia Island - Nassau County Association of REALTORS®

MLS Number: 105435

APN: 00-00-31-1020-0054-0000