Gulf Shores, AL 36542

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Sale Type

Rent-to-own homes can be purchased using a Lease Option. This means the buyer rents the home for a set period of time, sets aside a portion of monthly rent payments during this time, and then has an option to purchase the home later, using the accumulated savings toward the down payment. Rent-To-Own properties offer home ownership opportunities to those who have poor credit or can't afford the down payment. It gives buyers time to rebuild their credit and accumulate purchase credits while living in the house.

Description

Investor's Dream! Gulf Front Fort Morgan Luxury. Excellent income producing investment property or Family Home. One mile East of Fort Morgan Marina. The duplex rental income producing property has deeded walking access to the Gulf beach and beautiful views from the front porches. Walk down the drive to the Gulf. Close to the marina (boater's dream) and Ft Morgan State Park. Newly remodeled and beautifully decorated, these are beautiful beach homes. Four bedrooms and 2 baths on each side; As a bonus, one bedroom on both sides is a bunk room located off the back porch. Sides are connected/divided by a double locking door on back porches. It is perfect to share or separate these beach homes. Approximately 1200 sq feet each side. 350 sq ft of porches each side. Great rental for large families or groups who need two houses. $80, 000 average in rental income. Perfect for investors or for someone who wants to live in one side and rent out the other or perhaps even a family that wants to go together to purchase a family beach house. Offered just in time for Gulf Coast Summer rental season. Gulf Shores is a very sought after island resort and Fort Morgan adds the perfect balance of beach, privacy and all the fun things to do close by. The room dimensions listed are per duplex side. Move in and rental ready, you won't need to do one thing to begin living in or renting this beach haven. Rental revenue past and 2024 available. No HOA. You will love the area. From large parties to family rentals. Buyer to verify all information during due diligence.