$1,050,000
$1,100,000
4.5%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
531 SqFt
SOLD DATE : 04/15/2022
Key Details
Sold Price $1,050,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 531 sqft
Price per Sqft $1,977
Subdivision Paradise Isle
MLS Listing ID 327903
Sold Date 04/15/22
Bedrooms 1
Full Baths 1
Construction Status Resale
HOA Fees $569/mo
Year Built 1996
Property Description
Rare invenstment opportunity to own FOUR impressive income producing short term rentals at the Paradise Isle complex located in beautiful Gulf Shores! Units #17, 12, 4, & 2 are being sold as one purchase. This complex offers everything needed for the perfect rental property. Perfectly situated in the heart of Gulf Shores walking distance to the Gulf Place where many festivals are centered around, dining, and shopping. Public beach access right across the street at the stoplight offers easy access for days spent on the white sandy beaches, AND the complex is PET FRIENDLY FOR RENTERS. Each unit is a one bedroom, one bath comfortably sleeping 6 guests. All units are located on the first floor and two units are side by side and face West Beach Blvd, offering a glimpse of the Gulf. Impressive rental history! #17 grossed over $44k in 2021 and the others are on track to do just as well.
Location
State AL
County Baldwin
Area Gulf Shores 1
Interior
Interior Features Ceiling Fan(s), Internet
Heating Electric, Central
Flooring Tile, Laminate
Fireplace Yes
Appliance Disposal, Ice Maker, Microwave, Electric Range, Refrigerator w/Ice Maker
Exterior
Exterior Feature Termite Contract
Garage Covered
Pool Community, Association
Community Features BBQ Area, Condo 1-Bdrms in Complex, Condo 2-Bdrms in Complex, Internet, Landscaping, On-Site Management, Pool - Outdoor
Waterfront Description Gulf Accs (<=1/4 Mi),Public Acc (<=1/4 Mi)
View Y/N Yes
View Direct Gulf-Across Rd
Parking Type Covered
Garage No
Building
Lot Description Corner Lot, Level
Story 1
Foundation Pilings
New Construction No
Construction Status Resale
Schools
Elementary Schools Gulf Shores Elementary
High Schools Gulf Shores High
Others
Pets Allowed Renters Allowed, Allowed, More Than 2 Pets Allowed
HOA Fee Include Association Management,Cable TV,Common Area Insurance,Maintenance Grounds,Pest Control,Taxes-Common Area,Trash,Water/Sewer,Internet,Pool
Ownership Condominium
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Bought with RE/MAX of Orange Beach