Property Description

$150k can buy you a place at the beach!! Attention investors and first time STR buyers. This is the LOWEST priced income producing property listed in the Gulf Shores market? (same owner for 30 years, never been used as a rental)Beachview Condominiums, 200 East Beach Boulevard. Directly across from the Gulf Shores Public Beach, less than 200 steps from the sand, adjacent to the Hangout, directly across from the Pink Pony, Mikee's Seafood, Picnic Beach and Sunliner Diner. The location alone is worth every penny of the asking price and MORE.Built in 1995, these studio efficiency units produce anywhere from $17,000 to $23,000 in gross base rent annually. And at the low price of $150,000 the math absolutely makes sense! This is a genuinely rare opportunity to own income producing real estate on this beach at a price point that simply does not exist anywhere else in this market right now. There are currently 7 studio units for sale in this building, ranging in price from $200K to $175K. At $150K this unit is the most competitively priced of all of them.Whether you are a first time investor looking for the perfect entry point into the Gulf Shores STR / vacation rental market, a seasoned investor looking to park capital in a prime beach location, or someone who has simply always dreamed of owning a piece of this beach, Unit 316 checks every box that matters most.The unit can be sold furnished, unfurnished or partially furnished based on buyer preference.Coin operated laundry on site, elevator, shaded parking under the building, and overflow parking behind building.Location. Price. Opportunity.HOA monthly dues cover all utilities (power, water, internet, cable, waste, INSURANCE & pest control.) Entire building was rewired in 2024 and brought up to code. It will be the buyer's responsibility to replace the cut-off valve.No pets allowed in building.Seller to pay all assessments totaling $9,185 at close with acceptable offer. Buyer to verify all information during due diligence

Property Features

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