$899,000
337 N FLETCHER Avenue, Fernandina Beach, FL 32034
Metes & Bounds
- Price
- $899,000
- Beds / Baths
- 6 / 5
- Living area
- 3,164 sqft
- Year built
- 1956
- Type
- MultiFamily
- Lot
- 0.11 ac
- Garage
- 0
- HOA
- None
- CDD
- No
- Flood zone
- Unknown
- County
- Nassau
- Days on market
- 175
Four-unit ocean view multifamily on Amelia Island's quiet North End - one block from the Atlantic. CURRENTLY AT 100% OCCUPANCY! Diverse unit mix: (2) 1BD/1BA ground-floor + (1) 2BD/1BA and (1) 2BD/2BA upper units. Staggered lease expirations 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.
What to check on this one
- Verify flood zone designation and elevation certificate requirement with Nassau County.
- Order 4-point inspection and wind-mitigation report—1956 build will trigger underwriter scrutiny.
- Confirm roof age, materials, and last replacement date with current owner documentation.
- Review all four unit leases, expiration dates, and tenant payment history for past 24 months.
- Inspect plumbing for cast-iron or polybutylene lines typical of 1956 construction era.
- Obtain title commitment and survey to confirm lot lines and setback compliance for coastal property.
Flagged from the listing itself — not an inspection, and no substitute for one. Bring these to the showing.
What this home really costs per month
Loan $719,200 at 6.75% · 30 yr
Not a loan quote. Rate, insurance, and tax are stated assumptions — a lender and an insurance agent give real numbers. Homestead exemption lowers taxes after you file.
Listing courtesy of MCADOO MULTIFAMILY ADVISORS LLC. Data via realMLS (Northeast Florida MLS), updated Aug 10, 2026, 9:39 PM.
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