$289,000

MLS# 276248

Listing: 11/03/2018
On Market: 204 days
Complex: Clearwater
Unit #: 5C
Area: 0
City: Gulf Shores
Subdivision:
Type: 0
Beds: 1
Baths: 1
Half Baths: N/A
Sq.Ft.: 700
Year Built: 1998
Acreage: 0
Waterfront: Yes

Overview:

Sellers will pay The HOA fee & Octobers special assessment with acceptable offer for the rest of 2019, approx value $4800.00 as of 05/09/2019, So Investors this unit should yield over 12.5% in 2019 based on the income already booked for the rest of the year. Yielded 11.5% in 2018 . This condo has grossed over $30,000 pa for the last 5 years and income only getting higher, Not many units on the market today offer such a strong income and high yield. Clearwater Condominium has undergone extensive updating including a new roof, stucco, repainted, new elevator, landscaping and new communal grill area by the pool. This well presented 1 bedroom condo in the heart of Gulf Shores with amazing direct gulf front views across the sugar white sandy beach and the Gulf of Mexico is tastefully decorated throughout with granite and hard wood cabinets in the kitchen and breakfast bar, tiled open plan living space leading directly onto the south facing balcony. The bedroom is well proportioned with private access to the bathroom, full length bunks in the hallway are ideal for the rental market. Turn key and ready to go this is the perfect set up for a no hassle rental investment or 2nd home.



Listing data provided by: Baldwin County Association of REALTORS®, Inc. This database was last updated on 2019-05-26. This property is listed by RE/MAX of Gulf Shores.

Call Robert Stuart at Sugar Sands today for more information: 1.800.824.6462