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Scott Singh

scott.singh@engelvoelkers.com +1(251) 215-0226

$ 699,000

Est. payment -/mo

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Price Dropped by $6K

351 E 2nd Avenue Gulf Shores, AL 36542

4 Beds

4 Baths

2,044 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Raised Beach

Listing Status Active

Purchase Type For Sale

Square Footage 2,044 sqft

Price per Sqft $341

Subdivision Mcphillips

MLS Listing ID 390598

Style Raised Beach

Bedrooms 4

Full Baths 3

Half Baths 1

Construction Status Resale

Year Built 1952

Annual Tax Amount $4,383

Lot Size 6,229 Sqft

Lot Dimensions 50.4 x 125.9

Property Sub-Type Raised Beach

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.

Location

State AL

County Baldwin County

Interior

Interior Features En-Suite, Internet

Heating Electric

Cooling Heat Pump, Ceiling Fan(s)

Flooring Tile, Wood

Fireplace No

Appliance Dishwasher, Microwave, Electric Range, Refrigerator w/Ice Maker

Exterior

Exterior Feature Storage

Parking Features Single Carport

Fence Partial

Community Features Water Access-Deeded

Utilities Available Gulf Shores Utilities

Waterfront Description Deeded Access

View Y/N Yes

View Indirect Gulf-Across Rd

Roof Type Metal

Garage No

Building

Lot Description 1-3 acres

Foundation Pilings

Architectural Style Raised Beach

New Construction No

Construction Status Resale

Schools

Elementary Schools Gulf Shores Elementary

Middle Schools Gulf Shores Middle

High Schools Gulf Shores High

Others

Senior Community No

Ownership Whole/Full

Listed by RE/MAX of Orange Beach

NEARBY SCHOOLS & PROPERTIES

Scott Singh

Advisor

+1(251) 215-0226

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