Description
FANTASTIC INVESTMENT OPPORTUNITY in highly desirable area of Amelia Island. FOUR SINGLE FAMILY HOMES (1121, 1123, 1125 and 1127 S 11th St) conveniently situated side-by-side and in the heart of the island, 5 MINUTES TO BEACHES, DOWNTOWN, and SCHOOLS. Identical floorplans in all units, each with 931 sq. ft., 3 bedrooms, 2 baths, laundry room, front porch, back deck. PUBLIC WATER AND SEWER. All utilities separate and paid by tenants. OVER TEN YEARS OF RENTAL HISTORY WITH OCCUPANCY CLOSE TO 100%. Mth-to-mth tenants currently in three of the units at $1200/month (MARKET RENT ABOUT $1600/MONTH OR MORE WITH MODEST IMPROVEMENTS) Built in 2009, these homes are “new” when compared to the predominant 1950’s-1970’s built investment properties common to the area, and have modern features such as Hardie boarding siding (done in 2020). A terrific value at $235k-$275k a piece, especially given the median price for similar, single family homes sold on Amelia Island in the last 6 months is $364k.
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Courtesy of: CENTURY 21 MILLER ELITE Listing information provided courtesy of the Amelia Island-Nassau County Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 7th July, 2022 1:49 PM (UTC)
