Turnkey Multiple Rental Property
Hospitality
for Sale
| Catylist Listing ID: |
30876420 |
| Property Subtypes: |
Vacation Rental(s)
|
| Number of Units: |
2 Units |
| Building Size (RSF): |
See Agent |
| Gross Building Area: |
See Agent |
| Sale Price: |
$495,000 |
| Unit Price: |
$247,500 Per Unit |
| Property Use Type: |
Investment |
| Sale Terms: |
Cash to Seller |
| Cap Rate: |
Undisclosed |
| Last Updated: |
8/22/2024 |
Overview / Comments
|
This unique property is a fully furnished turnkey vacation rental dream, with consistent cash flow & still has additional opportunity for growth. This property has undergone a complete transformation, featuring upgrades to both the interior & exterior of the home, the addition of two full RV hookups & extensive privacy landscaping. Among the mature oaks on one of the two expansive, unzoned lots (totaling 1.05 acres) sits a fully renovated home with a modern coastal feel. Step inside to find an open living area, brand new stainless steel appliances, granite countertops, expanded master bedroom with an ensuite bathroom, bunk room & loft area. Unwind on the expansive back porch or enjoy swimming or fishing off the community pier in Brights Creek. Bring your travel trailer right up to the charming rental spot including covered tin roof, a concrete pad & a delightful outdoor space complete with a fire pit, cooking area & privacy fence. No vacation rental property is complete without diverse accommodations. Park your RV on the spacious, graveled driveway with full hookups. Property also includes an 11x24 shed & irrigation system throughout. The additional lot has even more untapped income potential as well! Located in a charming, secluded neighborhood, the property provides easy access to Gulf Shores' best. Explore world-class beaches, thrilling water sports, championship golf courses & fresh seafood restaurants - all just minutes away AND construction is in progress on a new community boat launch and park less than 2 miles away! Explore all the possibilities of the two unzoned lots - build your dream home, expand the rental income or simply enjoy the peaceful privacy! Don't miss this opportunity to own a piece of paradise with endless income potential! Tenants in place, please do not walk property without listing agent approval. Airstream for sale separately, not included in sale. Buyer to verify all information during due diligence.
|
Additional Details
| Nearest MSA: |
Daphne-Fairhope-Foley |
| County: |
Baldwin |
| Tax ID/APN: |
05-61-09-37-0-000-209.000 |
| Zoning: |
UNZONED |
| Retail Clientele: |
General, Family, Business, Traveler, Tourist, Recreation |
| Largest Nearby Street: |
County Road 6 |
| Total Number of Buildings: |
2 |
| Number of Stories: |
15 |
| Property Condition: |
Excellent |
| Year Built: |
2016 |
| Year Renovated: |
2023 |
| Construction/Siding: |
Modular |
| Water Recreation: |
Other |
| Total Parking Spaces: |
5 |
| Sprinklers: |
None |
| Heat Type: |
Electricity |
| Heat Source: |
Central |
| Air Conditioning: |
Engineered System |
| Internet Access: |
Other |
| Water Service: |
Municipal |
| Sewer Type: |
Municipal |
| Legal Description: |
2 Lots - Tax PPIN #: 13876 & 254316
|
Demographic Statistics
| Proximity: |
3 miles |
5 miles |
| Total Population: |
5,529 |
25,589 |
| Median Age: |
38.4 |
40.56 |
| Households: |
2,516 |
10,950 |
|
© Copyright 2024 Moody's. All Rights Reserved.
The information presented herein is provided as is, without warranty of any kind.
Neither Gulf Coast CMLS nor
Moody's assume any liability for errors or omissions.
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