Additional Details

• Important Details: --> VACANT! --> CBS
• Features: Rare deal in Fernandina Beach! This 3 bedroom, 1 bathroom concrete block home features 1,400 sqft of living space with a screened in porch and an attached 2-car carport. The house sits on .13 acres in the Gurnie Oaks community. Conveniently located just off A1A and minutes away from American Beach, Burney Park, and many parks and public beach access points. Offered vacant at close. Don't miss this one!
• Potential ARV: $450,000 - $485,000
• Rehab Description: For a flip or rental, this property needs a full renovation. Start with a trash out and update the kitchen, bathroom, flooring, trim/fixtures/doors and windows. Repair ceiling in laundry room. Power and water has been turned off, plumbing and electrical may need some attention. Central HVAC and HWH likely need to be updated. The roof is in newer condition and shows no apparent visible signs of leaking. Apply fresh interior paint, power wash and paint exterior, and do some landscaping to boost curb appeal.
• Estimated Rehab: $60,000 - $70,000
• Ideal Investment Strategy: Rental/Resale
• Comparable Rent: $2,500 - $3,000
• Construction: CBS
• Comp 1: 5490 Ervin St, Fernandina Beach, FL 32034 3/1, 1165 sqft SOLD $450k in MAY (1957 build, frame, as-is sale, smaller than subject prop)
• Comp 2: 1580 Ian Dr, Fernandina Beach, FL 32034 2/2, 972 sqft SOLD $485k in JULY 2023 (2023 build, CBS, updated, .12 acres)
• Comp 3: 4852 Why Rd, Fernandina Beach, FL 32034 2/1, 780 sqft SOLD $435k in JANUARY (1960 build, frame, as-is sale, much smaller than subject prop)
• Comp 4: 1723 Lewis St, Fernandina Beach, FL 32034 1/1, 624 sqft SOLD $350k in SEPTEMBER (1960 build, frame, as-is sale, much smaller than subject prop)
• Comp 5: 5433 Mary Ave, Fernandina Beach, FL 32034 2/2, 1082 sqft SOLD $552k in APRIL 2023 (2015 build, frame, original, .11 acres)