CASH COW-OVER $100,000 in GROSS RENTS IN $2022. $25,000 MORE EXPECTED For sale is 2 adjoining beachfront condo units together This beach front condo in Orange Beach Alabama is so much more than your average beach condo. After looking at others, you will see there are many factors that set this condo apart from others condo buildings. The low density, oversized, spacious, luxury, recently updated flexible units are truly one of a kind in the area. This unit consists of 2 separately deeded units that will sell together for maximum use of the property. 1103 is almost 1700 sq ft and consisted of 2Br and 2 ba. 1102 consists of a 1BR/1BA efficiency with kitchenette. The units share a common foyer and both can be shared to give you a 3BR/3BA option as well. This offers great rental flexibility to market to 1, 2, or 3 BR guests as well as have a in-law or family seperation with 2 individual units. The 2BR/2BA 1103 has been newly updated with new decor, living room furniture, mattresses, linens, new appliances including stainless steel in the kitchen to include convection oven, new water heater, new washer/dryer, new smart HDTVS (including 75" in living room). The bedrooms have been updated with new wood plank look porcelain tile in the bedrooms. Other areas of the spacious condo have original 18" tile throughout. The oversized kitchen features a large pantry to store your non-refrigerated items. Feed the kids at the kitchen granite bar or move to the adjacent dining room table for more eating or board playing room. The tall ceilings with the large crown molding in some of the rooms adds to the finishing touches of the unit. Check out the gorgeous ocean view from the balcony off the living room or wake up to see the view from the master bedroom window. The master bath has a large tile shower with glass enclosure, large granite sink vanity, and jucuzzi tub. The other bath adjoins bedroom 2 or the hallway and has a shower with glass enclosure, granite vanity top, and jacuzzi tub as well. The 1BR/1BA has been updated as well with new decor including a shiplap acceent wall, new couch, mattress, linens smart HDTVS (including 75" in living room) etc. It is a cozy little area to slip away to when the larger 2 BR unit is being rented out. Or it can be used as an in-law suite for the separate but sharable spacing while with the family. The condo building is also different than your average building. Unlike alot of buildings that have outdoor entrances into your condo, This building has wide,enclosed, and air conditioned hallways that lead from your unit to the elevators. New carpet was installed and walls were painted in March and April of 2022 in these hallways. The amenities consists of an indoor heated pool, large outdoor pool with infinity edge, kiddie pool area, BBQ grill and area with gazebo, newly remodeled workout room with new equipment, sauna, hottub, and boardwalk to the beautiful beach. The attached garage offers loading/unloading without getting drenched from precipitation. The building also has a cooling tower that replaces individual condenser units that you might usually see at condo buildings on the roof. This provides water cooled efficiency to the individual unit and the common areas of the building. The maintenance, upkeep, and electricity are covered in cost by the COA. This keeps some of your costs with less maintenance and electricty costs for this unit. The heavily rented 2BR unit had a electric bill of $158 in July of last year, the highest of the year. The building has almost completed a new roof for the building and the outside is being recaulked and painted this spring and fall. Guests tend to like the condo and building. Our VRBO (#2053288, 2054235) is rated at 5 stars and you can check out the reviews. Our Airbnb has an all 5 star reviews as well. All the above mentioned with 2 responsive elevators for minimal wait times create a great rental environment.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
