507 W Beach Blvd, Gulf Shores Alabama 36542 (unit South), MLS #: 296000 Ocean Reef $217,500

Listing Office: List With Freedom, Inc
  • 1 Bed
  • 1 Bath
  • 572 SqFt
  • $380.24 / SqFt
  • HOA: $215

Description of 507 West Beach Blvd Unit South, Gulf Shores, Alabama, 36542 - Ocean Reef

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
  • Age25+
  • TypeCondo
  • StyleCondo
  • StatusActive

Community Information

Appliances

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

Exterior

Additional Information

Sub-Type

Residential Attached, One Bedroom

Amenities

  • AmenitiesPool - Outdoor
  • UtilitiesSewage-City, Water-City
  • ViewOther-See Remarks
  • Has PoolYes
  • Boat FacilitiesNone
  • HOA Fee Includes215.00

Interior

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

Cooling

Central Electric (Cool), Central Electric

School Information

  • ElementaryGulf Shores Elementary
  • MiddleGulf Shores Middle
  • HighGulf Shores

Listing Details

Property Location for 507 West Beach Blvd Unit South, Gulf Shores, Alabama, 36542 - Ocean Reef

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Gulf Shores Beach Front Land and Lots | Gulf Shores Canal Front Commercial Property | Gulf Shores Condos | Gulf Shores Bay Front Homes | Gulf Shores Bay Front Commercial Property

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Listing information last updated on April 8th, 2020 at 11:00pm CDT.