$260,000
$269,900
3.7%For more information regarding the value of a property, please contact us for a free consultation.
1 Bed
1 Bath
655 SqFt
SOLD DATE : 10/03/2019
Key Details
Sold Price $260,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 655 sqft
Price per Sqft $396
Subdivision Grand Caribbean West Condo
MLS Listing ID 825543
Sold Date 10/03/19
Bedrooms 1
Full Baths 1
Construction Status Construction Complete
HOA Fees $420/mo
HOA Y/N Yes
Year Built 1994
Annual Tax Amount $2,018
Tax Year 2043
Property Description
GREAT RENTAL INCOME CONDO! This 3rd floor, 1 bedroom condo generated $35,475 in rental income and $20,784 in net income! Similar condos in the complex only generate gross income what this condo generates in net income; therefore, a nice 7.7% ROI for your cash buyer. See attached financials from 2018. Condo is completely booked for summer so rentals will convey to new owner. This condo features a king bed, a new sofa, and has tile in the kitchen, hallway and living area. Wonderful Gulf view from the balcony and public beach access is right in front of the condo. Listing agent has ownership interest in condo.
Location
State FL
County Okaloosa
Area 14 - Destin
Rooms
Guest Accommodations BBQ Pit/Grill,Community Room,Dumpster,Picnic Area,Pool,TV Cable,Whirlpool
Interior
Interior Features Breakfast Bar, Floor Tile, Floor WW Carpet, Furnished - All, Hallway Bunk Beds, Newly Painted, Walls Wainscoting, Washer/Dryer Hookup, Window Treatment All
Appliance Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Refrigerator W/IceMk, Smoke Detector, Stove/Oven Electric, Washer
Exterior
Exterior Feature BBQ Pit/Grill, Hot Tub, Pool - In-Ground
Parking Features Guest
Pool Community
Community Features BBQ Pit/Grill, Community Room, Dumpster, Picnic Area, Pool, TV Cable, Whirlpool
Utilities Available Electric, Public Sewer, Public Water, TV Cable
View Gulf
Private Pool Yes
Building
Story 3.0
Structure Type Roof Metal,Siding Vinyl,Trim Aluminum
Construction Status Construction Complete
Schools
Elementary Schools Destin
Others
HOA Fee Include Ground Keeping,Insurance,Internet Service,Management,Master Association,Sewer,Trash,TV Cable,Water
Assessment Amount $420
Energy Description AC - Central Elect,Ceiling Fans,Heat Cntrl Electric,Storm Doors,Water Heater - Elect
Financing Conventional,Other
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