Income Duplex with Two 1BR
908 GUM Street Fernandina Beach, FL 32034
For Sale
$255,000
Income-producing duplex with two 1-bedroom, 1-bath units near Mocama on Amelia Island.
Property Size1,198 SF
Price / SF$212.85
Days on Market830
Property Features for 908 GUM Street
General Information
Standard status
Active
Size
1,198 SF
Property subtype
Multi Family
Building Details
Year Built
1925
Listing Agency:
KELLER WILLIAMS REALTY ATLANTIC PARTNERS
(904) 261-9800
Listed By:
COLLEEN BELLAR · License #3257701
Source:
Exitrealty
Added: Apr 19, 2024
Changed: Jul 22
Last Checked: Jul 26 at 8:36AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY ATLANTIC PARTNERS
Investment Insights
Based on property information with market context.
This income-producing duplex features two separate units, each with a 1-bedroom and 1-bath layout. The property is being offered for sale as a residential income asset.
The duplex is located on Amelia Island and is described as within walking distance to Mocama, with downtown or the beach reachable by bike.
All available information indicates the property is currently operating as a duplex with matching unit configurations across both homes.
The duplex is located on Amelia Island and is described as within walking distance to Mocama, with downtown or the beach reachable by bike.
All available information indicates the property is currently operating as a duplex with matching unit configurations across both homes.
Key Highlights
- Income‑producing duplex built in 1925
- Duplex includes two 1‑bedroom, 1‑bath units
- Walking distance to Mocama on Amelia Island
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $17.0k | $14.16 |
| − Vacancy | −$1.8k | −$1.50 |
| EGI | $15.2k | $12.66 |
| − OpEx | −$4.5k | −$3.80 |
| NOI | $10.6k | $8.86 |
1,198 SF · lease $14.16/SF/yr · vacancy 10.60% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$151.7K
$132.7K – $176.9K
NOI $10,616 @ 7.0% cap · market cap 4.16%
Second Best
Apartment 5plus
$133.8K
$117.1K – $156.1K
NOI $9,364 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$319.6K
$279.6K – $372.8K
NOI $22,369 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex with two 1-bedroom, 1-bath units near Mocama on Amelia Island.
Where is this duplex located?
The property is located at 908 GUM Street Fernandina Beach, FL.
What is the asking price?
The asking price for this property is $255,000.
What are key features of this property?
This property features: Income‑producing duplex built in 1925; Duplex includes two 1‑bedroom, 1‑bath units; Walking distance to Mocama on Amelia Island
