- Price$1,800,000
- Beds1
- Baths1
- SQ. Feet531
- Built1996
620 W Beach Boulevard Unit 17, 14, 12, 4, 2, 1, Gulf Shores
**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.
Essential Information
- MLS® #366577
- Price$1,800,000
- Bedrooms1
- Bathrooms1.00
- Full Baths1
- Square Footage531
- Acres0.00
- Year Built1996
- TypeResidential
- Sub-TypeCondominium
- StatusActive
Amenities
- AmenitiesBBQ Area, Condo 1-Bdrms in Complex, Internet, Landscaping, Pool - Outdoor
- ParkingCovered
- ViewDirect Gulf-Across Rd
- Boat FacilitiesNone
- WaterfrontGulf Accs (<=1/4 Mi), Public Acc (<=1/4 Mi)
- Has PoolYes
- PoolCommunity, Association
Exterior
- ExteriorWood Siding, Wood Frame
- Exterior FeaturesTermite Contract
- Lot DescriptionCorner Lot, Level
- RoofComposition
- ConstructionResale
- FoundationPilings
Additional Information
- HOA Fees400
- HOA Fees Freq.Monthly
Community Information
- Address620 W Beach Boulevard Unit 17, 14, 12, 4, 2, 1
- AreaGulf Shores 1
- SubdivisionParadise Isle
- CityGulf Shores
- CountyBaldwin
- StateAL
- Zip Code36542
Interior
- InteriorLaminate, Tile
- Interior FeaturesCeiling Fan(s), Internet
- AppliancesDisposal, Ice Maker, Microwave, Electric Range, Refrigerator w/Ice Maker
- HeatingCentral
- CoolingCentral Electric (Cool)
- # of Stories1
- StoriesOne
School Information
- ElementaryGulf Shores Elementary
- MiddleGulf Shores Middle
- HighGulf Shores High
Listing Details
- Listing OfficeLpt Realty, Llc
The data relating to real estate for sale on this website comes from the Baldwin County Association Of REALTORS®. The information being provided is 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. Information deemed reliable but not guaranteed.
Listing information last updated on August 24th, 2024 at 9:00am CDT.