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Picture of Home For Sale in Orange Beach, Alabama, United States

$1,200,000

23972 Perdido Beach Blvd Unit 1404
Orange Beach, Alabama, United States

3bd 4ba

Listed By: Realtyww Info

Listed On: 06/21/2023

Listing ID: GL9952462 View More Details

Description

Own a rental machine in one of the top resorts on the island. This 3BR / 4BA condo sleeps 12 and is located on the 14th floor - perfect location to see the gulf and hear the waves and not the pool noise from below. The unit is dressed in popular coastal decor with contemporary artwork from Christine Krainock. Master has an adjustable bed frame for comfort. Brand new balcony furniture and commercial water heater. Phoenix West 1404 Gross Rental 2021: $94, 695, 2022: $105, 870, 2023 (as of 6.17.2023): $53, 437 + $40, 702 Upcoming thru Oct 2023 ($94, 139 so far). Snowbird income not included in these gross numbers. Occupancy Rate from 5.15 - 6.18.2023 was 87.9% (actual) compared to Gulf Shores and Orange Beach Tourism board data On The Books 62.4% for the same time period. For your budget assume 3% ABNB marketing/ processing fee, 18%-20%Cleaning and Laundry fees, 10%-15% mgmt fee. Airbnb collects City, State and County Special District Taxes (16% as of Sept 2023) from the guest and pays all jurisdictions on your behalf so taxes are NOT included in the gross numbers above. Managed by Beach Home Alabama Realty, Agent of listing. Can be shown during turn arounds: June 21, 25 and July 1, 8, 16, 21, 28, 31

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Listed by: Advantage Real Estate
Source: The World Property Journal

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