This beautifully furnished and updated unit in Island Winds West generated over $42,000 in gross rental income in 2019! This turnkey condo features expansive Gulf views from the living room and kitchen, floor to ceiling impact glass windows in the master bedroom and living room (installed in 2018), granite countertops throughout, tiled floors throughout, LED light fixtures, king beds in master and guest bedrooms, 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 and a new dishwasher was installed in 2016. This unit features an interior door, which connects to adjoining unit 273. 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. The unit offers a cap rate of 4.70% as a 2BD/2BA and a cap rate of 4.86% as a 4BD/4BA.
Listing courtesy of RE/MAX of Orange Beach. Selling Office: .
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