351 e 2nd ave

Gulf Shores, AL 36542

4 BEDS 3-Full 1-Half BATHS
0.14 AC LOT
Residential - Single Family
Image 1
Bedrooms 4
Total Baths 4
Full Baths 3
Acreage 0.14
Status Off Market
MLS # 686923
County Baldwin
More Info
Category Residential - Single Family
Status Off Market
Acreage 0.14
MLS # 686923
County Baldwin
10.17% ROI | NO HOA | DEEDED BEACH ACCESS | FULLY RENOVATED | SELLER WILL PAY BUYER'S CLOSING COSTS Exceptional opportunity to own a fully renovated, turn-key property in the heart of Gulf Shores with an estimated 10.17% ROI, NO HOA, and flexible zoning that allows short-term rentals, residential, or commercial use. Properties offering this combination are exceptionally rare.This spacious 4-bedroom, 3.5-bath home comfortably sleeps up to 13 guests and comes fully furnished, allowing for immediate enjoyment or continued rental operation. Future bookings are already in place, providing a seamless transition for the next owner.Ideally located just a short walk from the sugar-white beaches, dining, shopping, festivals, and popular Gulf Shores attractions, the property also features deeded beach access and a 27-foot Gulf-facing deck perfect for enjoying coastal views and breezes.Major improvements have already been completed, including a Fortified Roof (2022), upstairs HVAC (2018), downstairs HVAC (2024), and a new grinder pump (2024), offering peace of mind for years to come.Projected annual gross rental income is approximately $76,391.99, with a projected net operating income of $71,671.31, making this an outstanding opportunity for buyers seeking a strong-performing coastal property.Seller is offering closing cost assistance or a 2/1 interest rate buydown with an acceptable offer, creating additional value for qualified buyers.Properties with NO HOA, deeded beach access, flexible zoning, strong income potential, and a prime Gulf Shores location are rarely available at this price point.Buyer to verify all information during due diligence. Buyer to verify all information during due diligence.

Exterior Features

  • Style Traditional
  • Construction Single Family
  • Siding Frame
  • Roof Metal
  • Garage No
  • Water Public
  • Sewer Public Sewer
  • Lot Description Central Access

Interior Features

  • Appliances Electric Water Heater
  • Heating Central
  • Cooling Central Air, Ceiling Fan(s)
  • Year Built 1952
  • Stories 2

Neighborhood & Schools

  • Subdivision Mcphillips
  • Elementary School Local School In County
  • Middle School LOCAL SCHOOL IN COUNTY
  • High School Local School In County

Financial Information

  • Parcel ID 6605212000030
  • Zoning Res Single

Listing Information

Properties displayed may be listed or sold by various participants in the MLS.