4000 Gulf Terrace Drive , 1000,107,108,10

    Destin, FL 32541
    • $4,200,000
    • STATUS: Active
    • ON SITE: 55 days
    • MLS #: 809328
    UPDATED: 11 min ago
    $4,200,000
    • 2
      BEDS
    • N/A
      ACRES
    • 1
      BATHS
    • 0
      1/2 BATHS
    • 950
      SQFT
    • $4,421
      $/SQFT
    Neighborhood:
    Type:
    Condo
    Built:
    1976
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    Listing information is for one unit out of the 42 included. Units are 2/1, 2/2 and 1/1 and 1/2. This is for a 42 unit investor package. Great deal on super rental income property with great rental numbers. Occupancy runs between 95-100% year round. Investors looking for tax depreciation and equity appreciation will love this package. Great location in the heart of Destin. This property has seen many improvements over the past 5 years. The maintenance fees have not gone up during that time. The association shows great financial records and a nice reserve account. Units are immediately occupied when vacancy occurs. Management contract in place and will continue for the next two years. Many of the units have water views, park views and tennis court view. Buyer to verify dimensions.

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    © 2018 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Beach Properties of Florida. Data last updated: 2018-12-14T21:01:13.25.
    www.30arealestate.com/homes/88700415

    4000 Gulf Terrace Drive , 1000,107,108,10 Destin, FL 32541

    • Price: $4,200,000
    • Status: Active
    • Updated: 11 min ago
    • MLS #: 809328
    2
    Beds
    1
    Baths
    0
    ½ Baths
    N/A
    Acres
    950
    SQFT
    $4,421
    $/SQFT
    1976
    Built
    Neighborhood:
    Gulf Terrace Condo
    County:
    Okaloosa
    Area:
    Destin
    Elementary School:
    Destin
    Middle School:
    Destin
    High School:
    Fort Walton Beach
    Property Description
    Listing information is for one unit out of the 42 included. Units are 2/1, 2/2 and 1/1 and 1/2. This is for a 42 unit investor package. Great deal on super rental income property with great rental numbers. Occupancy runs between 95-100% year round. Investors looking for tax depreciation and equity appreciation will love this package. Great location in the heart of Destin. This property has seen many improvements over the past 5 years. The maintenance fees have not gone up during that time. The association shows great financial records and a nice reserve account. Units are immediately occupied when vacancy occurs. Management contract in place and will continue for the next two years. Many of the units have water views, park views and tennis court view. Buyer to verify dimensions.
    Exterior Features

    Construction Siding BlockConcreteFrameRoof FlatRoof MetalSiding VinylStucco Design N/A Exterior Features BalconyBbq Pit/GrillDeck OpenFenced Chain LinkFenced PrivacyPavillion/GazeboPool - In-GroundPorchShowerTennis Court Parking Features BoatGuest Pool Yes Pool Type Community Water View Lake Waterfront LakeShore - NaturalUnit Waterfront

    Interior Features

    Additional Bedroom Dimensions 12 X 11 Appliances CooktopDishwasherDisposalMicrowaveRefrigeratorSmoke DetectorStove/Oven Electric Bedroom Additional 1st Floor Bedroom Master 1st Floor Energy Ac - Central ElectWater Heater - Elect Kitchen 1st Floor Kitchen Dimensions 8 X 12 Master Bedroom Dimensions 12 X 11 Rooms Bedroom - AdditionalBedroom - MasterDining/Living ComboKitchen Sq Ft Source County Pa Records Stories In Unit 1 Total Baths 1.00

    Property Features

    As Is Yes Assessment Amount 364.21 Assessment Fees Yes Assessment Paid Monthly Brokerage Interest No Interest Existing Leases 1 - 3 Years Fees Include AccountingGround KeepingInsuranceInternet ServiceLegalManagementOther UtilitiesRepairs/MaintenanceSewerTrashTv CableWater Financing Conventional Homestead No Immediate Occupancy No Last Tax Year 2017 Last Taxes 912.75 Lease Expiration Date 2019-03-31 Listing Board Emerald Coast New Buyer Fee Yes New Buyer Fee Amount 350.0000 New Buyer Fee Paid $ Project Facilities Bbq Pit/GrillCommunity RoomDockDumpsterFishingLaundryPavillion/GazeboPets AllowedPicnic AreaPoolTennisTv CableWaterfront Rent Per Month 1300.0000 Stories In Building 2 Units Above Ground 216.00 Units In Building 8.00 Utilities ElectricPhonePublic SewerPublic WaterTv Cable

    Listing courtesy of Sea Coast Realty Group Inc.


    © 2018 Emerald Coast Association of Realtors MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Berkshire Hathaway HomeServices Beach Properties of Florida. Data last updated: 2018-12-14T21:01:13.25.
     
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