Beach Homes Realty
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620 w beach boulevard

Gulf Shores, AL 36542

$1,800,000

1 BED 1-Full BATH
Residential - Condo
Image 1
Bedrooms 1
Total Baths 1
Full Baths 1
Status Off Market
MLS # 366577
County Baldwin
More Info
Category Residential - Condo
Status Off Market
MLS # 366577
County Baldwin
**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!)
Location not available

Exterior Features

  • Construction Condo
  • Siding Wood Siding, Wood Frame
  • Exterior Termite Contract
  • Roof Composition
  • Garage No
  • Lot Description Corner Lot, Level

Interior Features

  • Appliances Disposal, Ice Maker, Microwave, Electric Range, Refrigerator w/Ice Maker
  • Heating Central
  • Cooling Central Electric (Cool)
  • Year Built 1996
  • Stories 1

Neighborhood & Schools

  • Subdivision Paradise Isle
  • Elementary School Gulf Shores Elementary
  • Middle School Gulf Shores Middle
  • High School Gulf Shores High

Financial Information

  • Parcel ID Multiple

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