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%. Month-to-month tenants currently in three of the units at $1200/month (MARKET RENT ABOUT $1600/MONTH OR MORE)Built in 2009, these homes are "new" when compared to the predominant 1950's-1970's built investment properties common to Amelia Island, and have contemporary features such as Hardie boarding siding (done in 2020). A terrific value at $235k-$275k a piece, especially when you consider the median price for similar, single family homes sold on Amelia Island in the last 6 months is $364k.
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3BEDS
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N/AACRES
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2BATHS
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01/2 BATHS
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931SQFT
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$1,074$/SQFT
School Ratings & Info
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%. Month-to-month tenants currently in three of the units at $1200/month (MARKET RENT ABOUT $1600/MONTH OR MORE)Built in 2009, these homes are "new" when compared to the predominant 1950's-1970's built investment properties common to Amelia Island, and have contemporary features such as Hardie boarding siding (done in 2020). A terrific value at $235k-$275k a piece, especially when you consider the median price for similar, single family homes sold on Amelia Island in the last 6 months is $364k.
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