Description
RENTAL MACHINE IN THE CENTER OF GULF SHORES!!! This updated, fully furnished, beachfront Penthouse is the ultimate destination for getting away from it all, as well as an investors dream! Rental income produces incredible return on investment, with 2022 rentals totaling $83K and 2023 rentals at $71K so far, with a potential additional $14K to $16K in revenue with owners usage put back in! Located in the heart of Gulf Shores, this beautiful 3 bedroom 2 bathroom unit, which sleeps 10, delivers in every aspect! Leathered granite countertops, new LVL flooring and porcelain tile throughout, new full size washer and dryer combo, 3 year old HVAC system and water heater, and unobstructed views of Little Lagoon and the Gulf of Mexico from every room, are just a few of the priceless features of this amazing property. The low density Island Winds West building features a beautiful heated outdoor pool with covered patio area, kiddie pool, all new boardwalk installed in 2022 with poly decking, new fitness equipment installed in the fitness center within the past two years, a brand new roof installed in the Spring of 2023, and new poolside mens and womens restrooms currently under construction. The building was also upgraded in 2018/2019 with all new windows, sliding doors, and railings. Within walking distance to a multitude of restaurants and shops, this top floor corner unit will not disappoint!
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3BEDS
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N/AACRES
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2BATHS
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01/2 BATHS
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1,234SQFT
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$616$/SQFT
School Information
Description
RENTAL MACHINE IN THE CENTER OF GULF SHORES!!! This updated, fully furnished, beachfront Penthouse is the ultimate destination for getting away from it all, as well as an investors dream! Rental income produces incredible return on investment, with 2022 rentals totaling $83K and 2023 rentals at $71K so far, with a potential additional $14K to $16K in revenue with owners usage put back in! Located in the heart of Gulf Shores, this beautiful 3 bedroom 2 bathroom unit, which sleeps 10, delivers in every aspect! Leathered granite countertops, new LVL flooring and porcelain tile throughout, new full size washer and dryer combo, 3 year old HVAC system and water heater, and unobstructed views of Little Lagoon and the Gulf of Mexico from every room, are just a few of the priceless features of this amazing property. The low density Island Winds West building features a beautiful heated outdoor pool with covered patio area, kiddie pool, all new boardwalk installed in 2022 with poly decking, new fitness equipment installed in the fitness center within the past two years, a brand new roof installed in the Spring of 2023, and new poolside mens and womens restrooms currently under construction. The building was also upgraded in 2018/2019 with all new windows, sliding doors, and railings. Within walking distance to a multitude of restaurants and shops, this top floor corner unit will not disappoint!
Listing information © 2023 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 Levin Rinke Realty. Data last updated 2023-12-03T00:27:33.98.
Listing provided by Re/Max Paradise: . Listing information © 2023 Baldwin County Association of REALTORS® MLS.