If you're looking for a high income-producing investment property on 30A with gulf views, private deeded beach access and a prime location on 30A, you've found the ONE! With a solid self-managed rental history of $56K in 2022 and on track for $60K in 2023, cap rate returns on this elegantly designed, coastal studio condo just make sense. Situated on the third floor of the popular Inn at Gulf Place east tower, this uniquely positioned corner unit has direct gulf views from both the balcony and side window, ushering in an abundance of natural light. New coastal-inspired furnishings, tranquil interior paint colors, modern flooring and bathroom updates. Accommodating up to four guests with a king bed and queen sleeper sofa, this fully furnished unit feels extra spacious and welcoming. All the modern amenities such as a mini-fridge, microwave and special coffee/wine bar makes this a perfect coastal retreat for a couple, single guests or family with kids. Easy access via elevators (or stairs) and cozy balcony overlooking the turquoise waters offers an enchanting respite from hustle and bustle of daily life hearkening true vacation vibes and relaxation.
This is one of the highest performing studio rentals in Gulf Place. Actuals (not projections) will reach $60K in 2023. New hot water heater (2022), new split HVAC unit (2022) and updated bathroom (2022) make this a true turnkey, investment opportunity ideal as a private beach retreat or vacation rental. Easy stroll to some of 30A's most popular hot spots including: Shunk Gulley, Perfect Pig, Shelby's Beach Bar, Sunrise Coffee shop, Pecan Jack's ice cream, and the new Papa Surf's Burger Bar. Don't miss the opportunity to own your own slice of paradise and top performing investment property on 30A! Please note: special assessment for building elevator improvements of $407.08/monthly from November 2023 - February 2024 to be paid by seller. All rentals convey to new buyer if desired. Unit is sold fully furnished.
