407 W Beach Blvd Unit 273, Gulf Shores, AL 36542

$370,000
2
BD
2
BA
821
SqFt
Sold Price
$370,000
List Price
$389,000
Closing Date
Nov 17, 2020
Status
CLOSED
MLS#
305509
Style
Condo
Bedrooms
2
Bathrooms
2
Living Area
821
County
Baldwin
Region
Gulf Shores 1
Year Built
1983

Property Description

This beautifully furnished and updated unit in Island Winds West generated over $42,000 gross rental income in 2019! This unit is turnkey and features expansive Gulf views from the living room and kitchen, floor to ceiling impact glass windows in master bedroom and living room (installed in 2018), granite countertops throughout, tiled floors throughout, LED light fixtures, stainless appliances, king beds in master and guest room, new walk in shower in master, and new patio furniture. The complex offers an outdoor pool, kiddie pool, barbecue area, exercise room, and easy access to the beach. The highly sought-after Island Winds complex is located less than 4/10 of a mile from Hwy 59, adjacent to the Alabama State Park, and only steps to the Hangout and other dining and shopping attractions. The washer and dryer were replaced in 2017. This unit features an interior door, which connects to adjoining unit 272. Both units can be purchased together for $778,000. Each adjoining door has its own lock and the units can be combined as a 4BD/4BA, or they can be used separately as 2BD/2BA. This unit offers a 4.89% cap rate as a 2BD/2BA and a 4.86% cap rate as a 4BD/4BA.

Additional Information

Hoa Fees
$520
Boat Facility
None
Appliances
Dishwasher, Dryer, Microwave, Range-Electric, Refrigerator, Washer
Building Name
Island Winds West
Garage Description
Condo: Lot Parking
Stories
1
Listing Features
Cable, En-Suite, Internet
Waterfront Description
Gulf Front - Building
Exterior Features
Stucco

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of RE/MAX of Orange Beach. Selling Office: .

© Baldwin County Association of Realtors, Inc. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocitysm Program. Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items. Information last updated on .