351 E 2nd Ave, Gulf Shores, AL 36542
- $705,000
- 4
- BD
- 4
- BA
- 1,952
- SqFt
- List Price
- $705,000
- Status
- ACTIVE
- Days on Market
- 0
- MLS#
- 686923
- Subtype
- Residential
- Style
- Traditional
- Construction Status
- Resale
- Year Built
- 1952
- Bedrooms
- 4
- Bathrooms
- 4
- Full Baths
- 3
- Half Baths
- 1
- Living Area
- 1,952
- Lot Size
- 6,098
- Acres
- 0.14
- Subdivision
- Mcphillips
Property Description
10.17% ROI | NO HOA | DEEDED BEACH ACCESS | FULLY RENOVATED | SELLER WILL PAY BUYER'S CLOSING COSTS Exceptional opportunity to own a fully renovated, turn-key property in the heart of Gulf Shores with an estimated 10.17% ROI, NO HOA, and flexible zoning that allows short-term rentals, residential, or commercial use. Properties offering this combination are exceptionally rare.This spacious 4-bedroom, 3.5-bath home comfortably sleeps up to 13 guests and comes fully furnished, allowing for immediate enjoyment or continued rental operation. Future bookings are already in place, providing a seamless transition for the next owner.Ideally located just a short walk from the sugar-white beaches, dining, shopping, festivals, and popular Gulf Shores attractions, the property also features deeded beach access and a 27-foot Gulf-facing deck perfect for enjoying coastal views and breezes.Major improvements have already been completed, including a Fortified Roof (2022), upstairs HVAC (2018), downstairs HVAC (2024), and a new grinder pump (2024), offering peace of mind for years to come.Projected annual gross rental income is approximately $76,391.99, with a projected net operating income of $71,671.31, making this an outstanding opportunity for buyers seeking a strong-performing coastal property.Seller is offering closing cost assistance or a 2/1 interest rate buydown with an acceptable offer, creating additional value for qualified buyers.Properties with NO HOA, deeded beach access, flexible zoning, strong income potential, and a prime Gulf Shores location are rarely available at this price point.Buyer to verify all information during due diligence. Buyer to verify all information during due diligence.
Additional Information
- HOA Freqency
- Annually
- Property Description
- Traditional
- Flooring
- Tile
- Appliances
- Electric Water Heater
- Heating
- Central
- Air Conditioning
- Central Air, Ceiling Fan(s)
- Exterior Construction
- Frame
- Stories
- 2
- Levels
- Two
- Roof
- Metal
- Foundation
- Pillar/Post/Pier
- Pool Type
- None
- Parking
- 2 Car Carport
- Elementary School
- Local School In County
- Middle School
- LOCAL SCHOOL IN COUNTY
- High School
- Local School In County
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Listing courtesy of RE/MAX OF ORANGE BEACH.
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