4000 Gulf Terrace Drive Unit #1000,107,108,109,110,113,etc, Destin, FL 32541

$4,200,000
2
BD
1
BA
950
SqFt
List Price
$4,200,000
MLS#
809328
Status
ACTIVE
Type
Condo
Subtype
Condominium
Bedrooms
2
Bathrooms
1
Full Bathrooms
1
Living Area
950
Neighborhood
1403 - West Destin
Building Name
Gulf Terrace Condo

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.

Additional Information

Appliances
Cooktop, Dishwasher, Disposal, Microwave, Refrigerator, Smoke Detector, Stove/Oven Electric
Assmt Fee Term
Monthly
Association
Emerald Coast
Building Name
Gulf Terrace Condo
Construction Siding
Block, Concrete, Frame, Roof Flat, Roof Metal, Siding Vinyl, Stucco
Design
N/A
Elementary School
Destin
Energy
AC - Central Elect, Water Heater - Elect
Exterior Features
Balcony, BBQ Pit/Grill, Deck Open, Fenced Chain Link, Fenced Privacy, Pavillion/Gazebo, Pool - In-Ground, Porch, Shower, Tennis Court
Fees
$364
Fees Include
Accounting, Ground Keeping, Insurance, Internet Service, Legal, Management, Other Utilities, Repairs/Maintenance, Sewer, Trash, TV Cable, Water
High School
Fort Walton Beach
Legal Description
42 units in Gulf Terrace Condo's, See attached documents for a complete list of all the units.
Middle School
Destin
Neighborhood
1403 - West Destin
Parking Features
Boat, Guest
Project Facilities
BBQ Pit/Grill, Community Room, Dock, Dumpster, Fishing, Laundry, Pavillion/Gazebo, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable, Waterfront
Stories In Bldg
2
Unit Number
1000,107,108,109,110,113, etc
Utilities
Electric, Phone, Public Sewer, Public Water, TV Cable
Waterfront
Lake, Shore - Natural, Unit Waterfront
Waterview
Lake
Year Built
1976

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Sea Coast Realty Group Inc.