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351 E 2nd Ave, Gulf Shores, AL 36542

$699,000
  • 351 E 2nd Ave, Gulf Shores, AL 36542 Main Photo

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Active
BEDS4 BATHS3 full 1 half SQUARE FEET1,952 MLS#676515
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONMcphillips

Property Description

10.17% ROI | NO HOA | DEEDED BEACH ACCESS | FULLY RENOVATED | SELLER WILL PAY BUYER'S CLOSING COSTS Exceptional opportunity to own a fully renovated, turn-key property in the heart of Gulf Shores with an estimated 10.17% ROI, NO HOA, and flexible zoning that allows short-term rentals, residential, or commercial use. Properties offering this combination are exceptionally rare.This spacious 4-bedroom, 3.5-bath home comfortably sleeps up to 13 guests and comes fully furnished, allowing for immediate enjoyment or continued rental operation. Future bookings are already in place, providing a seamless transition for the next owner.Ideally located just a short walk from the sugar-white beaches, dining, shopping, festivals, and popular Gulf Shores attractions, the property also features deeded beach access and a 27-foot Gulf-facing deck perfect for enjoying coastal views and breezes.Major improvements have already been completed, including a Fortified Roof (2022), upstairs HVAC (2018), downstairs HVAC (2024), and a new grinder pump (2024), offering peace of mind for years to come.Projected annual gross rental income is approximately $76,391.99, with a projected net operating income of $71,671.31, making this an outstanding opportunity for buyers seeking a strong-performing coastal property.Seller is offering closing cost assistance or a 2/1 interest rate buydown with an acceptable offer, creating additional value for qualified buyers.Properties with NO HOA, deeded beach access, flexible zoning, strong income potential, and a prime Gulf Shores location are rarely available at this price point.Buyer to verify all information during due diligence. Buyer to verify all information during due diligence.

351 E 2nd Ave | MLS# 676515

This single family home located at 351 E 2nd Ave, Gulf Shores, AL 36542 is currently listed for sale with an asking price of $699,000. This property was built in 1952 and has 4 bedrooms and 3 full and 1 partial baths with 1952 sq. ft. E 2nd Ave is located in the Mcphillips subdivision. Search Mcphillips real estate on kimalexander.gobellator.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Central Air, Ceiling Fan(s)
Heating: Central
Home Style: Traditional
Lot Size: 0.14 Acres
Property Type: Single Family Residence
Stories: 2.0
Year Built: 1952

Feature Descriptions

Appliances: Electric Water Heater
Construction Materials: Frame
Days on Site: 175
Dining Room: Living/Dining Combo
Exterior: Frame
Flooring: Tile
Foundation: Pillar/Post/Pier
Kitchen: Updated
Lot: Central Access
Lot Dimensions: 0.14 acre(s)
Sewer: Public Sewer
Water: Public
Zoning: Res Single

Room Sizes

Primary Bedroom: 20 X 13 Level - Second
Kitchen: 15 X 11 Level - First

Local Schools

High School: Local School In County
Middle School: LOCAL SCHOOL IN COUNTY
Elementary School: Local School In County

Listed By / Shown By

Listed By

Agency Name: RE/MAX OF ORANGE BEACH
Agency Phone: 251-981-2400

Shown By

Agent Name: Kim Alexander
Agent Phone: (850) 287-6809
Agency Title: Bellator Real Estate

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Estimated Payment

$ 3,556.56 per month $3,352.69 Principal & Interest $0.00 Property Tax (data not provided by mls) $203.88 Homeowner's Insurance

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