204 3rd street

Producing over $83,000 in actual rental income last year, this is a rare opportunity to own three separate homes on a valuable 50x140 lot. This property is only a 2 minute walk from the private beach access. 204 3rd Street is located just 10 minutes from Rosemary Beach & 10 minutes from Pier Park. The main house totals 1,284 SF, providing 2 bedrooms along with 2 full bathrooms. Beautifully renovated with all new flooring, the main house boasts a spacious living area complete with a fireplace & large windows. The kitchen has been updated with stainless steel appliances. The rear of the main house offers a large screened-in porch, outfitted with a ping pong table & plenty of lounging space. The 2nd home was updated in 2022 to include a new roof, new flooring, new windows, new cabinets, new countertops, laundry, showers, bathroom vanities, toilets, electrical outlets & lighting. Serving as a studio with 1 bedroom & 1 bathroom, this 2nd home totals 320 SF. The 3rd home has a covered front porch along with 2 bedrooms, 1 full bathroom & 672 SF. It features a large living & dining space surrounded by shiplap walls. The updated kitchen is spacious & offers natural light. The 3rd home was also updated in 2022 to include a new roof, new flooring, new windows, cabinets, countertops, washer/dryer, showers, bathroom vanities, toilets, electrical outlets & lighting. All 3 homes combined to produce $83,000 in rental income for 2023. Inquire today to review the strong rental history or to set up your private showing!