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620 W Beach Boulevard , 17, 14, 12, 4,

Gulf Shores, AL 36542
  • $1,800,000
  • STATUS: Active
  • ON SITE: 112 Days
  • MLS #: 366577
UPDATED: 21 min ago
$1,800,000
  • 1
    BEDS
  • N/A
    ACRES
  • 1
    BATHS
  • 0
    1/2 BATHS
  • 531
    SQFT
  • $3,390
    $/SQFT
Neighborhood:
Type:
Condo
Built:
1996
County:

School Information

Elementary School:
Middle School:
High School:

Description

**RARE Investment Opportunity** Own SIX high-performing short-term rental units at the sought-after Paradise Isle complex in stunning Gulf Shores! These six units (#1, #2, #4, #12, #14 and #17) are being sold together, providing a unique chance to expand your rental portfolio in one of the most desirable locations on the Gulf Coast. This complex offers everything needed for the perfect rental property! Prime lot nestled in the heart of Gulf Shores, this complex is just a short stroll from Gulf Place, where popular festivals, dining and shopping experiences abound. The convenience doesn't stop there public beach access is directly across the street, ensuring guests have easy access to the famous white sandy beaches. Plus, Paradise Isle is **pet-friendly**, making it even more attractive to potential renters. Each of these charming six units are cozy one-bedroom, one-bathroom condos that comfortably accommodates up to six guests each. Strong income potential boasting an impressive rental history, these units collectively generated a NET rental income of $137k in 2023 with a gross income of $216k and already have 145k on the books for 2024. This established income stream, coupled with the unbeatable location and amenities, makes this Listing a must-see for serious investors! Don't miss out on this rare opportunity to own a slice of paradise in Gulf Shores with unbeatable rental income! Buyer to verify all information during due diligence. (Seller would possibly spit up units if interested!)

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Listing information © 2024 Baldwin County Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Coastal Connection at eXp Realty. Data last updated 2024-12-07T16:27:53.493.
www.thecoastalconnectionpropertysearch.com/homes/153745306
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620 W Beach Boulevard , 17, 14, 12, 4, Gulf Shores, AL 36542

  • Price: $1,800,000
  • Status: Active
  • On Site: 112 Days
  • Updated: 21 min ago
  • MLS #: 366577
1
Beds
1
Baths
0
½ Baths
N/A
Acres
531
SQFT
$3,390
$/SQFT
1996
Built
Neighborhood:
Paradise Isle
County:
Baldwin
Area:
Gulf Shores 1
Elementary School:
Gulf Shores Elementary
Middle School:
Gulf Shores Middle
High School:
Gulf Shores High
Property Description
**RARE Investment Opportunity** Own SIX high-performing short-term rental units at the sought-after Paradise Isle complex in stunning Gulf Shores! These six units (#1, #2, #4, #12, #14 and #17) are being sold together, providing a unique chance to expand your rental portfolio in one of the most desirable locations on the Gulf Coast. This complex offers everything needed for the perfect rental property! Prime lot nestled in the heart of Gulf Shores, this complex is just a short stroll from Gulf Place, where popular festivals, dining and shopping experiences abound. The convenience doesn't stop there public beach access is directly across the street, ensuring guests have easy access to the famous white sandy beaches. Plus, Paradise Isle is **pet-friendly**, making it even more attractive to potential renters. Each of these charming six units are cozy one-bedroom, one-bathroom condos that comfortably accommodates up to six guests each. Strong income potential boasting an impressive rental history, these units collectively generated a NET rental income of $137k in 2023 with a gross income of $216k and already have 145k on the books for 2024. This established income stream, coupled with the unbeatable location and amenities, makes this Listing a must-see for serious investors! Don't miss out on this rare opportunity to own a slice of paradise in Gulf Shores with unbeatable rental income! Buyer to verify all information during due diligence. (Seller would possibly spit up units if interested!)
Exterior Features

Boat Facilities Description None Carport YN No Construction Materials Wood SidingWood Frame Entry Level 1 Exterior Features Termite Contract Foundation Details Pilings Garage YN No Levels One Lot Features Corner LotLevel Parking Features Covered Patio And Porch Features Front Porch Roof Composition View Direct Gulf-Across Rd View YN Yes Waterfront Features Gulf Accs (<=1/4 Mi)Public Acc (<=1/4 Mi)

Interior Features

Appliances DisposalIce MakerMicrowaveElectric RangeRefrigerator w/Ice Maker Building Area Total 531 Cooling Central Electric (Cool) Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring TileLaminate Heating Central Heating YN Yes Interior Features Ceiling Fan(s)Internet Living Dining Dimensions 14x13

Property Features

Association Fee 400 Association Fee Frequency Monthly Association Fee Includes Association ManagementCable TVCommon Area InsuranceMaintenance GroundsPest ControlTaxes-Common AreaTrashWater/SewerInternetPool Association YN Yes Community Features BBQ AreaCondo 1-Bdrms in ComplexInternetLandscapingPool - Outdoor Electric Baldwin EMC New Construction YN No Number Of Units In Community 34 Ownership Condominium Pets Allowed Renters AllowedAllowed Pool Features CommunityAssociation Property Attached YN Yes Property Condition Resale Property Sub Type Condominium Spa Features CommunityHeated Spa YN Yes Structure Type Condo Tax Annual Amount 1559.58

Listing provided by LPT Realty, LLC: . Listing information © 2024 Baldwin County Association of REALTORS® MLS.


Listing information © 2024 Baldwin County Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS or The Coastal Connection at eXp Realty. Data last updated 2024-12-07T16:27:53.493.
 
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