517 East Beach Blvd Unit 5c, Gulf Shores

$289,000

1 Beds
1 Baths
700 Sqft
0 Acres
0 Garages

Sellers will pay The HOA fee & Octobers special assessment with acceptable offer for the rest of 2019, approx value $4800.00 as of 05/09/2019, So Investors this unit should yield over 12.5% in 2019 based on the income already booked for the rest of the year. Yielded 11.5% in 2018 . This condo has grossed over $30,000 pa for the last 5 years and income only getting higher, Not many units on the market today offer such a strong income and high yield. Clearwater Condominium has undergone extensive updating including a new roof, stucco, repainted, new elevator, landscaping and new communal grill area by the pool. This well presented 1 bedroom condo in the heart of Gulf Shores with amazing direct gulf front views across the sugar white sandy beach and the Gulf of Mexico is tastefully decorated throughout with granite and hard wood cabinets in the kitchen and breakfast bar, tiled open plan living space leading directly onto the south facing balcony. The bedroom is well proportioned with private access to the bathroom, full length bunks in the hallway are ideal for the rental market. Turn key and ready to go this is the perfect set up for a no hassle rental investment or 2nd home.

Essential Information
MLS® #276248
Price$289,000
Bedrooms1
Bathrooms1.00
Full Baths1
Square Footage700
Acres0.00
Year Built1998
TypeCondo
StyleCondo
StatusActive
Sub-Type

Residential Attached, One Bedroom

Community Information
Address517 East Beach Blvd Unit 5c
AreaGulf Shores 1
SubdivisionClearwater
CityGulf Shores
CountyBaldwin
StateAlabama
Zip Code36542
Amenities
UtilitiesGulf Shores Utilities
FeaturesCeiling Fan(s)
Is WaterfrontYes
Has PoolYes
Amenities

BBQ Area, Pool - Outdoor, Pets - Allowed, Water Access-Deeded, Fire Sprinkler System, Internet, Pets - Owners

View

Direct Gulf Front, Southern View

Waterfront

Beach Side - Building, Deeded Access, Gulf Front - Building, Gulf of Mexico

Interior
InteriorCarpet, Tile
CoolingCentral Electric
# of Stories1
StoriesOne
Interior Features

Ceiling Fan(s), Internet, Bunk Alcove

Appliances

Dishwasher, Disposal, Icemaker, Microwave, Range-Electric, Refrigerator, Smoke Detector, Stack Washer/Dryer

Exterior
ExteriorStucco
ConstructionResale
FoundationSlab & Piers
School Information
ElementaryGulf Shores Elementary
HighGulf Shores
Additional Information
Date ListedNovember 3rd, 2018
Days on Market197
ZoningPUD
HOA Fees488.00
HOA Fees Freq.Monthly
Listing Details
OfficeRE/MAX of Gulf Shores
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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 May 19th, 2019 at 10:00am CDT.

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