507 West Beach Blvd Unit South, Gulf Shores

$217,500

1 Beds
1 Baths
572 Sqft
0 Acres
0 Garages

Here is a chance to own your own piece of paradise at a great price! Cute 1br/1ba condo in a Gulf front complex. This condo has been a rental workhorse for us for 10 years and now we are retiring to travel. We are putting this moneymaker on the market - our loss is your cash flow! Modern 16x18 neutral ceramic floor tile, we have done many upgrades including fresh paint, black and stainless appliances, new AC unit, etc during our ownership. Sold fully furnished and ready to start making you money from day 1. Ocean Reef is a small ocean front complex containing 1 BR, 1 BR+ loft, 2 BR, and a few 3 BR ocean front townhomes. HOA fees are only $217 for our unit, insurance is approx $932, and utilities (detail available) usually in the $150 range. Complex has tropically landscaped pool with charcoal grills, and an onsite coin operated laundry. In 2018 and 2019 combined, rents recorded through VRBO only, were $41,454.73, creating a great ROI. This does not include rentals to friends and yearly return renters who book directly through us! The entire complex recently received complete facelift with new siding, paint, and a new metal roof, ready for the next 25 years or so!

Essential Information
MLS® #296000
Price$217,500
Bedrooms1
Bathrooms1.00
Full Baths1
Square Footage572
Acres0.00
Year Built1982
TypeCondo
StyleCondo
StatusActive
Sub-Type

Residential Attached, One Bedroom

Community Information
Address507 West Beach Blvd Unit South
AreaGulf Shores 1
SubdivisionOcean Reef
CityGulf Shores
CountyBaldwin
StateAlabama
Zip Code36542
Amenities
AmenitiesPool - Outdoor
UtilitiesSewage-City, Water-City
ViewOther-See Remarks
Is WaterfrontYes
Has PoolYes
Waterfront

Gulf Accs (Wlk <=1/4 Mi), Other-See Remarks, Gulf of Mexico

Interior
InteriorTile
Interior FeaturesCeiling Fan(s), Covered Patio
# of Stories1
StoriesOne
Appliances

Dishwasher, Disposal, Refrigerator w/Ice Maker, Microwave, Range-Electric

Cooling

Central Electric (Cool), Central Electric

Exterior
ExteriorWood
RoofMetal
ConstructionResale
FoundationWood Frame
School Information
ElementaryGulf Shores Elementary
MiddleGulf Shores Middle
HighGulf Shores
Additional Information
Date ListedMarch 11th, 2020
Days on Market84
HOA Fees215.00
HOA Fees Freq.Monthly
Listing Details
OfficeList With Freedom, Inc
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Listing information last updated on June 4th, 2020 at 1:45am CDT.