Enjoy stunning Gulf views from one of the most convenient locations in Orange Beach! Located within a short walking distance to the Publix shopping center, this well appointed and fully furnished condo features granite countertops, upgraded white cabinetry, custom tiled backsplash, tile floors laid on a diagonal, luxury vinyl plank flooring in the bedrooms, custom tiled walk-in shower in the master bath, Gulf front master bedroom with direct access to the balcony, and roll down hurricane shutters. Complex amenities include an outdoor pool, outdoor kiddie pool, indoor heated pool, hot tub, sauna, steam room, fitness center, covered entry, and outdoor grilling area. This unit has an excellent rental history and repeat book of business! The condo is being offered at a Cap Rate/Net Income Rate of Return of 5.17% and is projected to generate an Annualized Internal Rate of Return of 17.04% over a 10 year hold period assuming 80% of the purchase price is financed.
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Listing information last updated on October 18th, 2019 at 12:45am CDT.