**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!)
Property Details
Property Features
Property Information:
Year Built: 1996
Stories: 1
Living Area: 531 SqFt
Listing Office:
Office Name: LPT Realty, LLC
Office Phone: (877) 366-2213
Listing Agent: Autumn Mitchell
Interior Features
Interior Information:
Appliances: Disposal, Ice Maker, Microwave, Electric Range, Refrigerator, Ice Maker
Flooring Type: Tile, Laminate
Interior: Ceiling Fan(s), Internet
Bedroom and Bathroom Information:
Full Bathrooms: 1
Total Bedroom Count: 1
Exterior Features
Exterior Information:
View: Gulf
Exterior: Porch Front, None
Parking Information:
Parking: Covered
Lot Features
Lot Information:
Lot: Corner Lot, Level
Utilities
Utilities Information:
Heating: Central
Cooling: Central Air, Ceiling Fan(s)
Other
Directions Information:
Directions: From Hwy 59, Turn West on W Beach Blvd. Complex will be on the right at the corner of Windmill Ridge Rd.
Price Information
Listing Price Info
Price Summary:
List Price: $1,800,000
Price Per SqFt: $3,390/SqFt
HOA Fees:
Amount: $400
Frequency: Monthly
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Gulf Shores Elementary School
1600 E 3rd St
Distance between this listing and this school1.93 miles
Public District Grades PK-5
5
/10
Swift Elementary School
6330 Bon Secour Hwy
Distance between this listing and this school5.08 miles
Public District Grades KG-6
3
/10
Florence B. Mathis Elementary School
600 W 9th Ave
Distance between this listing and this school9.59 miles
Public District Grades KG-6
Nearby Schools
9
/10
Gulf Shores Middle School
450 E 15th Ave
Distance between this listing and this school1.98 miles
Public District Grades 6-8
3
/10
Foley Middle School
200 N Oak St
Distance between this listing and this school11.09 miles
Public District Grades 7-8
4
/10
Summerdale Elementary School
400 E Broadway St
Distance between this listing and this school16.72 miles
Public District Grades KG-8
Nearby Schools
6
/10
Foley High School
1 Pride Pl
Distance between this listing and this school9.33 miles
Public District Grades 9-12
6
/10
Elberta High School
13355 Main St
Distance between this listing and this school13.35 miles
Public District Grades 9-12
6
/10
Robertsdale High School
21630 State Highway 59 S
Distance between this listing and this school20.28 miles
The neighbors living near this home have an average income of $65,303. The most common annual income of people living in Gulf Shores, AL is between $35k-100k. The most common type of family is married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Living In Gulf Shores, AL
Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.
Types of housing in Gulf Shores, AL.
Gulf Shores offers a diverse array of housing options, with a significant portion of the market dedicated to single-family homes that exhibit a blend of coastal cottage, Mediterranean, and contemporary architectural styles. Condominiums and townhouses are also prevalent, particularly in areas closer to the beach, catering to those seeking a vacation home or investment property. The housing market is dynamic, with new developments and renovations reflecting the area's growth as a desirable coastal destination.
What is it like to live in Gulf Shores, AL?
Gulf Shores is celebrated for its laid-back beach town atmosphere and strong sense of community. The area prides itself on its pristine white sandy beaches and outdoor recreational activities, including the annual Shrimp Festival, which draws visitors and locals alike. The community is also known for its commitment to preserving natural habitats, with several wildlife reserves and state parks that offer a tranquil escape from the more developed areas.
Is it easy to get around Gulf Shores, AL without a car?
The community is served by a number of public schools, offering educational opportunities from elementary to high school levels, as well as private institutions that cater to various educational needs. Healthcare services are accessible, with facilities providing urgent care, primary care, and specialized medical services. The local library system supports lifelong learning with a range of programs and resources. Retail and dining options are abundant, with many establishments showcasing local seafood and southern cuisine, reflecting the Gulf Shores culture.
Transportation in Gulf Shores, AL.
Transportation in Gulf Shores includes a mix of private and public options. The Baldwin Regional Area Transit System (BRATS) provides public bus services catering to residents and tourists, with schedules that accommodate peak beach-going times. Ride-sharing services are available, enhancing mobility for those without personal vehicles. The area is bike-friendly, with several trails and dedicated lanes. Major roadways such as State Highway 59 and the Beach Express facilitate travel and commuting, with ongoing improvements to manage the growing traffic demands.
Frequently Asked Questions About 620 W Beach Blvd Unit 17, 14, 12, 4, 2, 1
What is the listing price of this property?
The listing price of 620 W Beach Blvd Unit 17, 14, 12, 4, 2, 1 property is $1,800,000.
What type of property is this?
The property 620 W Beach Blvd Unit 17, 14, 12, 4, 2, 1 is a condo located in Gulf Shores, Alabama, 36542.
Is this property for sale now?
Active Listing: 620 W Beach Blvd Unit 17, 14, 12, 4, 2, 1 is For Sale (Active/New) which means the seller is accepting offers.
How many bedrooms and bathrooms does this property have?
The property at 620 W Beach Blvd Unit 17, 14, 12, 4, 2, 1 has 1 bedroom and 1 bathroom.
What is the square footage of this property?
The property 620 W Beach Blvd Unit 17, 14, 12, 4, 2, 1 is 531 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 620 W Beach Blvd Unit 17, 14, 12, 4, 2, 1 is 1996.
This home is located at 620 W Beach Blvd Unit 17, 14, 12, 4, 2, 1 in Gulf Shores, AL and zip code 36542. This 531 square foot home was built in 1996. Features: 1 bedroom, 1 bathroom. It has been listed on Rocket Homes since August 16, 2024 and is currently priced at $1,800,000.
In November 2024 more than 1 listings in Gulf Shores, AL were sold above the asking price. During the same period more than 5 listings were sold at asking price, while more than 39 were sold below. In November 2024 in Gulf Shores, AL there were 6.1% more homes for sale than in October 2024. While the average time on the market in November 2024 was 16 days, the median list price was $474,083.
From Rocket Homes Real Estate and based on county public records data.
1 (855) 200-2001
Listing information Copyright © 2024 Baldwin County Association of REALTORS®, Inc. All rights reserved. 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.
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