$211,900
$217,500
2.6%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
572 SqFt
SOLD DATE : 08/17/2020
Key Details
Sold Price $211,900
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 572 sqft
Price per Sqft $370
Subdivision Ocean Reef
MLS Listing ID 296000
Sold Date 08/17/20
Bedrooms 1
Full Baths 1
Construction Status Resale
HOA Fees $215/mo
Year Built 1982
Annual Tax Amount $1,075
Property Description
Here is a chance to own your own piece of paradise at a great price! Cute 1br/1ba condo in a Gulf front complex. This condo has been a rental workhorse for us for 10 years and now we are retiring to travel. We are putting this moneymaker on the market - our loss is your cash flow! Modern 16x18 neutral ceramic floor tile, we have done many upgrades including fresh paint, black and stainless appliances, new AC unit, etc during our ownership. Sold fully furnished and ready to start making you money from day 1. Ocean Reef is a small ocean front complex containing 1 BR, 1 BR+ loft, 2 BR, and a few 3 BR ocean front townhomes. HOA fees are only $217 for our unit, insurance is approx $932, and utilities (detail available) usually in the $150 range. Complex has tropically landscaped pool with charcoal grills, and an onsite coin operated laundry. In 2018 and 2019 combined, rents recorded through VRBO only, were $41,454.73, creating a great ROI. This does not include rentals to friends and yearly return renters who book directly through us! The entire complex recently received complete facelift with new siding, paint, and a new metal roof, ready for the next 25 years or so!New air conditioner and air handler placed May 2020
Location
State AL
County Baldwin
Area Gulf Shores 1
Interior
Interior Features Ceiling Fan(s)
Heating Electric
Cooling Central Electric (Cool)
Flooring Tile
Fireplace Yes
Appliance Dishwasher, Disposal, Microwave, Electric Range, Refrigerator w/Ice Maker
Exterior
Parking Features Attached, Double Carport
Pool Community
Community Features Pool - Outdoor
Utilities Available Cable Available, See Remarks
Waterfront Description Gulf Accs (<=1/4 Mi),Other-See Remarks
View Y/N Yes
View Other-See Remarks
Roof Type Metal
Garage No
Building
Story 1
Sewer Public Sewer
Water Public
New Construction No
Construction Status Resale
Schools
Elementary Schools Gulf Shores Elementary
Middle Schools Gulf Shores Middle
High Schools Gulf Shores High
Others
HOA Fee Include Cable TV,Common Area Insurance,Maintenance Grounds,Pest Control,Trash,Water/Sewer
Ownership Condominium
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Bought with Keller Williams AGC Realty - Orange Beach
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