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    608 14Th St Fernandina Beach, FL 32034

    For Sale
    $890,000

    Prime Fernandina Beach multifamily property.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional investment opportunity presents a rare chance to acquire a multifamily property located at 608 N 14TH Street, Fernandina Beach, Florida, 32034. The property, built in 1945, is a one-story building encompassing a four-unit quadplex and a separate single-family unit, offering a total of five rental units. Currently tenant-occupied, this presents immediate cash flow potential. The property also includes a valuable three-car garage, providing additional income potential or storage space for tenants. The ample land surrounding the buildings offers further development possibilities. Currently zoned C1, the property is eligible for MU-8 zoning, opening doors to a wider range of redevelopment options. The asking price for this unique investment is $890,000. This property's location in the desirable Fernandina Beach area, combined with its existing rental income and redevelopment potential, makes it an attractive proposition for savvy investors seeking a strong return on investment. The property's existing structure and ample land provide a solid foundation for future growth and profitability. Serious inquiries are encouraged to explore this exciting opportunity.

    Property Features for 608 14Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1945
    Stories
    1
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Fernandina Beach
    County
    Nassau
    State
    Florida
    Longitude
    -81.4496672
    Latitude
    30.6781802

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    FAQs

    What type of property is this?
    Multifamily property - Prime Fernandina Beach multifamily property.
    Where is this multifamily property located?
    The property is located at 608 14Th St Fernandina Beach, FL.
    What is the asking price?
    The asking price for this property is $890,000.
    Request Owner's contact information
    608 14Th St Fernandina Beach, FL 32034
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    Fernandina Beach, FL 32034
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    608 14Th St Fernandina Beach, FL 32034
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