113 6th avenue

Rare opportunity to own a short term rental in this quiet canal front complex with two parking spaces. There are only 4 units with transferable STR licenses on this street. This quaint complex is a 9 min walk (0.4 mi) to the beach and festivals. Conveniently located in the middle of all the action in Gulf Shores - Papa Roccos, Scoops Ice Cream, Original Oyster House, Waterville amusement park, The Hangout restaurant & entertainment venue, shops and more. There's a dock for a kayak too. Go Explore little lagoon! Owners allowed to have 2 pets and small boat and trailer on property. After Hurricane Sally repairs include: New Metal Roof, New siding, balcony spindles, paint, laundry room doors, drainage pavers with sump pump and landscaping, some pilings have also been reinforced. Will eventually complete all pilings capital project estimated at $5000 special assessment in the future. New canal side double door, unit window panes and Kaba Lock installed by owner. Can be shown on turnarounds June 25th, 29th and July 5th, 16th. . Buyer must honor all Airbnb reservations on the books. Payout June 29 - Aug 13 is $7752.43. Assume 15% cleaning fee, 3% Airbnb marketing and processing fee and 15%-20% management fee. $45K+ potential annual gross earnings. Owner will be doing a 1031 exchange.