$949,000

337 N FLETCHER Avenue, Fernandina Beach, FL 32034

  • 6 beds |
  • 5 baths |
  • 3,164 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1956
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $300/sqft
  • Property List Date Icon Listed 2 months ago

Property Description

***SELLER FINANCING NEGOTIABLE*** 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.

Listing Status:
Active
Date Added:
March 10, 2026
Data Last Updated:
May 20, 2026 at 9:35PM
Listing Office:
MCADOO MULTIFAMILY ADVISORS LLC : 904-574-7400
Listing Agent:
STEVEN MICHAEL MCADOO : 904-574-7400
MLS ID:
2134148
  • Appliances: Electric OvenElectric RangeElectric Water HeaterRefrigerator
  • Laundry: Common Area
  • Flooring: TileWood
  • A/C: Central AirWall/Window Unit(s)
  • Heating:
  • Roofing: Shingle
  • General: Concrete
  • Originating MLS: realMLS (Northeast Florida Multiple Listing Service)
  • County: Nassau
  • Zoning: 000031134B02230000
  • View: Ocean
  • Current Use: InvestmentMulti-FamilyResidential
  • Utilities: Electricity ConnectedWater Connected
  • Water: Public
  • Sewer: Public Sewer
  • Source: realMLS (Northeast Florida Multiple Listing Service)

This listing courtesy of STEVEN MICHAEL MCADOO , MCADOO MULTIFAMILY ADVISORS LLC

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location