Stunning Gulf front luxury condo in the newly constructed and highly sought after Phoenix Orange Beach Condominium. This newly furnished condo features granite countertops throughout, stainless steel Whirlpool appliances, upgraded ceiling height cabinets, tiled backsplash, tiled bar front, wet bar with ice maker, large 18" tile laid diagonally, large crown molding, 10' ceilings, floor to ceiling glass, tiled master tub backsplash, tiled master shower, custom drapes on all South facing windows, custom plantation shutters on all North facing windows, and a large climate controlled storage closet. Condo amenities include a Gulf front lazy river with slides, outdoor pool, heated indoor pool, hot tubs, covered parking, fitness center, and tennis courts overlooking the Gulf. The open floor plan offers expansive Gulf views from the kitchen, living room, master bedroom, and oversized balcony. This unit is already in a rental program and offers exceptional rental revenue projections. This condo is being offered at a Cap Rate/Net Income Rate of Return of 4.90% and is projected to generate an Annualized Internal Rate of Return of 18.25% over a 10 year hold period assuming 80% of the purchase price is financed.
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Listing information last updated on September 21st, 2019 at 10:30pm CDT.