Bought with Ginger Hagenberg • IXL Real Estate LLC
$925,000
$995,000
7.0%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,266 SqFt
SOLD DATE : 11/09/2023
Key Details
Sold Price $925,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 3,266 sqft
Price per Sqft $283
Subdivision West Surf Beach
MLS Listing ID 7210063
Sold Date 11/09/23
Bedrooms 8
Full Baths 4
HOA Fees $12/ann
Year Built 2001
Annual Tax Amount $5,412
Tax Year 5412
Lot Size 0.412 Acres
Property Description
Opportunity awaits! This 2-Unit Detached Duplex set up, directly on the Gulf, is ready for its new owner. These highly sought after vacation rentals, known as Beach Music and Rainbows End, generate consistently over $130k every year. Each side is 1500 sqft and features 4 bedrooms, 2 full bathrooms, and open concept floor plans. They are completely detached from each other, only sharing a breezeway in-between that holds 2 gas grills, outside shower, and a shared front step entry. Each unit offers complete privacy along with their own full length back decks that offer unbelievable views unlike any other property on the island. This Detached Duplex set up offers 2 vacation rentals in one property, something that is unique and rare on the island. Both units are currently in a very successful vacation rental program with a strong rental history. Gross numbers combined for 2020 were $92K, 2021 $140k, 2022 $140K, and so far for 2023 $115k with new bookings coming in daily, frequently used by owners only adding to potential income. With the Detached Duplex set up, renters with larger groups find these units convenient and easy to rent out together and become repeat guests every year. These units are being sold fully furnished and future bookings are fully transferable to the new owner.
Recent updates (per sellers) are: Beautiful LVP flooring throughout, white cabinets, quartz countertops throughout, newer hot water heaters, new metal roof in 2022, upgraded/high grade board and batten style vinyl siding in 2022, warranted inside AC/heat units in 2020, reinforced piling snap jackets in 2022, staircase and walkway in 2022, new insulation and underpinning, new hurricane straps added and replaced, recessed lighting and new electrical/light fixtures, new smart TVs, and updated furnishings in main living area.
Location
State AL
County Mobile - Al
Direction Come over the Dauphin Island bridge and at the T turn right onto Bienville Blvd head west on Bienville Blvd to Shell Ct. Turn left onto Shell Ct and park at the end of the street. The Duplex is at end of Shell Ct.
Rooms
Basement None
Primary Bedroom Level Main
Dining Room Open Floorplan
Kitchen Cabinets White, Eat-in Kitchen, Kitchen Island, Stone Counters, View to Family Room
Interior
Interior Features Double Vanity, High Ceilings 9 ft Main
Heating Central, Electric
Cooling Ceiling Fan(s), Central Air
Flooring Vinyl
Fireplaces Type None
Appliance Dishwasher, Dryer, Electric Range, Electric Water Heater, Microwave, Refrigerator, Washer
Laundry Laundry Room, Main Level
Exterior
Exterior Feature Balcony, Gas Grill, Lighting
Fence None
Pool None
Community Features Airport/Runway, Beach Access, Boating, Fishing, Golf, Marina, Park, Pool, Restaurant, Tennis Court(s)
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront true
Waterfront Description Gulf Front,Ocean Front
View Y/N true
View Beach, Ocean, Water
Roof Type Metal
Parking Type On Street
Building
Lot Description Other
Foundation Pillar/Post/Pier
Sewer Public Sewer
Water Public
Architectural Style Beach House
Level or Stories One
Schools
Elementary Schools Dauphin Island
Middle Schools Peter F Alba
High Schools Alma Bryant
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Standard
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