REO Foreclosure Property In Fernandina Beach, FL For Bid $950000 Or Less

Amazingly charming old bungalow situated on a DOUBLE FRONT LOT with TWO ADDITIONAL LOTS (separately deeded and recognized by the city) on the Western/rear side!!! Unique opportunity for the right client – Builder, Long-term Investor, or a future Family/Friends Compound! Front lot is oversized at 144′ X 125 and each rear lot is 72′ X 125. Many possibilities – City of Fernandina would allow a total of four homes to be built on property if the front home is torn down. Or, renovate the front house (GRANDFATHERED R-3 STR PERMIT in place) and build/hold/sell the two rear lots. This property also has a one bedroom/one bath studio apartment and a bonus room off the rear stairs. SELLER WOULD ALSO SELL REAR LOTS at $200K EACH or BOTH for $350K. Home WILL NOT be sold separately unless LOTS are sold first. This property was built around 1937. It is around 1967 square feet which probably includes 4 bedrooms and 3 baths.

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