402 11Th St Fernandina Beach, FL 32034

Property Details for 402 11Th St

Year built

1900

Lot size

0.10 lot acres

Property size

2,120 SF

Property type

Commercial real estate

Description

This exceptional Fernandina Beach triplex presents a compelling investment opportunity. The property, located at 402 S 11th St, in Nassau County, Florida (zip code 32034), is a fully renovated Class A multifamily building, boasting 1,902 square feet of net rentable space across three units. Built in 1900 and extensively renovated in 2022, this two-story building sits on a 0.1-acre lot and is zoned R-2. The asking price is $669,000, translating to $315.57 per square foot and $223,000 per unit. Each unit features its own separate utilities. The upper unit comprises three bedrooms and one bathroom, while the downstairs units offer two bedrooms and one bathroom (Unit A) and one bedroom and one bathroom (Unit B). Significant improvements include a new roof installed in 2022 and a new HVAC system in 2021. Currently, all three units are leased, providing immediate cash flow for the new owner. This turnkey investment is ready for a new owner to enjoy the benefits of a fully rented, renovated property in a desirable location. The property offers a blend of historical charm and modern amenities, making it an attractive option for both investors and owner-users.