Charles Stallions Real Estate Services Inc.

Residential For Sale

1,952 Sqft - 351 E 2nd Ave, Gulf Shores, Alabama 36542

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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.

Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : 686923
Price : $705,000
Bedrooms : 4
Bathrooms : 3
Half Bathrooms : 1
Square Footage : 1,952 Sqft
Year Built : 1952
Lot Area : 6,098.40 Sqft
Bathrooms Total : 3.5
Building Area : 1,952 Sqft
Status : Active
Property SubType : Single Family Residence
Features
Heating System : Central
Cooling System : Central Air, Ceiling Fan(s)
Appliances : Electric Water Heater
Electric : Circuit Breakers
Flooring : Tile
Lot Features : Central Access
Parking Features : 2 Car Carport
Roof : Metal
DiningRoom Features : Living/dining Combo
Sewer : Public Sewer
Address Map
State : AL
County : Baldwin
City : Gulf Shores
Zipcode : 36542
Street : 351 E 2nd Ave
Floor Number : 0
Longitude : W88° 19' 5.1''
Latitude : N30° 15' 3''
Directions : From Hwy 59 heading South, turn left on E 2nd Ave. Go approximately .4 miles and the home will be on the right.
Subdivision Name : Mcphillips
MLS Addon
Office Name : RE/MAX OF ORANGE BEACH
Agent Name : Heather Harp
Architectural Style : Traditional
Association Fee Frequency : Annually
Carport Spaces : 2
Construction Materials : Frame
Elementary School : Local School In County
Foundation Details : Pillar/post/pier
High School : Local School In County
Levels : Two
Agent MlsId : 17634
Office MlsId : RMOB01
MiddleOrJunior School : Local School In County
New Construction : 1
Water Source : Public
Residential For Sale
  • Listing ID : 686923
  • Bedrooms : 4
  • Bathrooms : 3
  • Square Footage : 1,952 Sqft
$705,000
Agent info
Charles Stallions
Charles Stallions Real Estate
Contact Agent