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Simone Sands

simone.sands@engelvoelkers.com +1(850) 293-2292

Listed by Heather Harp • RE/MAX OF ORANGE BEACH

$ 699,000

Est. payment -/mo

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Price Dropped by $6K

351 E 2nd Ave Gulf Shores, AL 36542

4 Beds

3.5 Baths

1,952 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,952 sqft

Price per Sqft $358

Subdivision Mcphillips

MLS Listing ID 676515

Style Traditional

Bedrooms 4

Full Baths 3

Half Baths 1

HOA Y/N No

Year Built 1952

Lot Size 6,098 Sqft

Acres 0.14

Property Sub-Type Single Family Residence

Source Pensacola MLS

Property Description

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.

Location

State AL

County Baldwin

Zoning Res Single

Rooms

Dining Room Living/Dining Combo

Kitchen Updated

Interior

Heating Central

Cooling Central Air, Ceiling Fan(s)

Flooring Tile

Appliance Electric Water Heater

Exterior

Parking Features 2 Car Carport

Carport Spaces 2

Pool None

View Y/N No

Roof Type Metal

Total Parking Spaces 2

Garage No

Building

Lot Description Central Access

Faces From Hwy 59 heading South, turn left on E 2nd Ave. Go approximately .4 miles and the home will be on the right.

Story 2

Water Public

Structure Type Frame

New Construction No

Others

Tax ID 6605212000030.000

Simone Sands

Advisor | License ID: SL3164465

+1(850) 293-2292

Simone Sands

351 E 2nd Ave Gulf Shores, AL 36542

Key Details

Location

Rooms

Interior

Exterior

Building

Others

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351 E 2nd Ave