$310,000
$330,000
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2 Beds
2 Baths
944 SqFt
SOLD DATE : 10/30/2023
Key Details
Sold Price $310,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 944 sqft
Price per Sqft $328
Subdivision Venetian Isle
MLS Listing ID 353678
Sold Date 10/30/23
Bedrooms 2
Full Baths 1
Half Baths 1
Construction Status Resale
HOA Fees $475/mo
Year Built 1982
Annual Tax Amount $1,028
Lot Size 10,001 Sqft
Lot Dimensions 100 x 100
Property Description
FOR COMP PURPOSES ONLY> Rare opportunity to own a short term rental in this quiet canal front complex with two parking spaces. There are only 4 units with transferable STR licenses on this street. This quaint complex is a 9 min walk (0.4 mi) to the beach and festivals. Conveniently located in the middle of all the action in Gulf Shores - Papa Roccos, Scoops Ice Cream, Original Oyster House, Waterville amusement park, The Hangout restaurant & entertainment venue, shops and more. There's a dock for a kayak too. Go Explore little lagoon! Owners allowed to have 2 pets and small boat and trailer on property. After Hurricane Sally repairs include: New Metal Roof, New siding, balcony spindles, paint, laundry room doors, drainage pavers with sump pump and landscaping, some pilings have also been reinforced. Will eventually complete all pilings capital project estimated at $5000 special assessment in the future. New canal side double door, unit window panes and Kaba Lock installed by owner. Can be shown on turnarounds June 25th, 29th and July 5th, 16th. . Buyer must honor all Airbnb reservations on the books. Payout June 29 - Aug 13 is $7752.43. Assume 15% cleaning fee, 3% Airbnb marketing and processing fee and 15%-20% management fee. $45K+ potential annual gross earnings. Owner will be doing a 1031 exchange.
Location
State AL
County Baldwin
Area Gulf Shores 1
Interior
Interior Features Ceiling Fan(s)
Heating Central
Cooling Central Electric (Cool), Coastal Green Air
Flooring Laminate
Fireplace Yes
Appliance Dishwasher, Disposal, Dryer, Microwave, Electric Range, Refrigerator w/Ice Maker, Washer
Exterior
Garage Double Carport, Assigned, Covered
Community Features Condo 2-Bdrms in Complex, Fishing, Landscaping
Utilities Available Cable Available
Waterfront Yes
Waterfront Description Canal Front
View Y/N Yes
View Canal
Roof Type Metal
Parking Type Double Carport, Assigned, Covered
Garage No
Building
Story 2
Foundation Pilings
Sewer Public Sewer
Water Public
New Construction No
Construction Status Resale
Schools
Elementary Schools Gulf Shores Elementary
Middle Schools Gulf Shores Middle
High Schools Gulf Shores High
Others
Pets Allowed Owners Only, Allowed, Limited # Pets
HOA Fee Include Association Management,Common Area Insurance,Pest Control,Reserve Funds,Trash,Water/Sewer
Ownership Condominium
Acceptable Financing Other-See Remarks
Listing Terms Other-See Remarks
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Bought with Advantage Real Estate