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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!
- MLS® #296000
- Full Baths1
- Square Footage572
- Year Built1982
Dishwasher, Disposal, Refrigerator w/Ice Maker, Microwave, Range-Electric
- Terms of SaleCash, Conventional, FHA, VA
Residential Attached, One Bedroom
- Interior FeaturesCeiling Fan(s), Covered Patio
- # of Stories1
Central Electric (Cool), Central Electric
- ElementaryGulf Shores Elementary
- MiddleGulf Shores Middle
- HighGulf Shores
- Listing OfficeList With Freedom, Inc
Property Location for 507 West Beach Blvd Unit South, Gulf Shores, Alabama, 36542 - Ocean Reef
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The details about this condo property in Gulf Shores, Alabama – from the Gulf Shores MLS – include property information, local demographics, Google Streetview and Bing Birdseye view when available and a map to the property. The demographics give you information about schools and the community, but if you need more information, be advised that we are here to help.
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The data relating to real estate for sale on this website comes from the Baldwin County Association Of REALTORS®. The information being provided is 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. Information deemed reliable but not guaranteed.
Listing information last updated on April 8th, 2020 at 11:00pm CDT.