407 W Beach Blvd #273, Gulf Shores, AL 36542

This beautifully furnished and updated unit in Island Winds West generated over $42,000 gross rental income in 2019! This unit is turnkey and features expansive Gulf views from the living room and kitchen, floor to ceiling impact glass windows in master bedroom and living room (installed in 2018), granite countertops throughout, tiled floors throughout, LED light fixtures, stainless appliances, king beds in master and guest room, new walk in shower in master, and new patio furniture. The complex offers an outdoor pool, kiddie pool, barbecue area, exercise room, and easy access to the beach. The highly sought-after Island Winds complex is located less than 4/10 of a mile from Hwy 59, adjacent to the Alabama State Park, and only steps to the Hangout and other dining and shopping attractions. The washer and dryer were replaced in 2017. This unit features an interior door, which connects to adjoining unit 272. Both units can be purchased together for $778,000. Each adjoining door has its own lock and the units can be combined as a 4BD/4BA, or they can be used separately as 2BD/2BA. This unit offers a 4.89% cap rate as a 2BD/2BA and a 4.86% cap rate as a 4BD/4BA.