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351 E 2nd Avenue, Gulf Shores, AL 36542

$705,000
  • 351 E 2nd Avenue, Gulf Shores, AL 36542 Main Photo

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New to the Market Active
BEDS4 BATHS3 full 1 half SQUARE FEET2,044 MLS#400265
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONMcphillips

Property Description

12.46% ROI | NO HOA | DEEDED BEACH ACCESS | FULLY RENOVATED | SELLER WILL PAY BUYER'S CLOSING COSTS Exceptional opportunity to own a fully renovated, turn-key property in the heart of Gulf Shores with an estimated 12.46% ROI, NO HOA, and flexible zoning that allows short-term rentals, residential, or commercial use. Properties offering this combination are exceptionally rare. This spacious 4-bedroom, 3.5-bath home comfortably sleeps up to 13 guests and comes fully furnished, allowing for immediate enjoyment or continued rental operation. Future bookings are already in place, providing a seamless transition for the next owner. Ideally located just a short walk from the sugar-white beaches, dining, shopping, festivals, and popular Gulf Shores attractions, the property also features deeded beach access and a 27-foot Gulf-facing deck perfect for enjoying coastal views and breezes. Major improvements have already been completed, including a Fortified Roof (2022), upstairs HVAC (2018), downstairs HVAC (2024), and a new grinder pump (2024), offering peace of mind for years to come. Projected annual net rental income is approximately $87,849, making this an outstanding opportunity for buyers seeking a strong-performing coastal property. Seller is offering closing cost assistance or a 2/1 interest rate buydown with an acceptable offer, creating additional value for qualified buyers. Properties with NO HOA, deeded beach access, flexible zoning, strong income potential, and a prime Gulf Shores location are rarely available at this price point. Buyer to verify all information during due diligence. Buyer to verify all information during due diligence.

351 E 2nd Avenue | MLS# 400265

This single family home located at 351 E 2nd Avenue, Gulf Shores, AL 36542 is currently listed for sale with an asking price of $705,000. This property was built in 1952 and has 4 bedrooms and 3 full and 1 partial baths with 2044 sq. ft. E 2nd Avenue is located in the Mcphillips subdivision. Search Mcphillips real estate on www.gobellator.com today.

Property Features

Property Type: Residential - Single Family
Cooling: Heat Pump
Fenced: Yes
Heating: Electric
Home Style: Raised Beach
Lot Size: 0.14 Acres
Property Type: Residential Detached
Stories: 2.0
Taxes: $4,383
Year Built: 1952

Amenities

En Suite
Internet
Storage

Feature Descriptions

Appliances: Microwave, Dishwasher, Electric Range, Plumbed For Ice Maker, Smoke Detector
Community Features: Water Access Deeded
Dining Room: DiningKitchenCombo
Fencing: Partial
Flooring: Tile, Wood
Lot Dimensions: 0.14 acre(s)
Property Amenities: EnSuite, Internet, PorchWrap, PorchFront, StorageOut, PartiallyFenced
Utilities: Baldwin EMC, Gulf Shores Utilities
Waterfront: DeededAccess

Local Schools

High School: Gulf Shores High
Middle School: Gulf Shores Middle
Elementary School: Gulf Shores Elementary

Listed By / Shown By

Listed By

Agency Name: RE/MAX of Orange Beach
Agency Phone: 251-981-2400

Shown By

Agency Title: Bellator Real Estate
Agency Phone: 251.928.0031

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Estimated Payment

$ 3,952.34 per month $3,381.46 Principal & Interest $365.25 Property Tax $205.63 Homeowner's Insurance

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