Welcome to the epitome of coastal living at Phoenix V in heart of Orange Beach. Located on the desirable 5th floor, unit 502 is a spacious one bedroom and one bathroom Gulf front condo offering the best views within the complex and fantastic rentals with over $56K in 2023 and $75K in 2022 gross rental income. The unit features a living area that seamlessly merges with the dining room and kitchen, creating an inviting open concept for owners and guests to enjoy.The large floor to ceiling windows allow natural light to flood the interior which highlight the beautiful furnishings and coastal decor. The primary suite features a kingsized bed and offers private access to the bathroom. The unit has recently been updated with gorgeous tile plank floors throughout, new washer, dryer, dish washer and garbage disposal, new light fixtures in the bathroom, new ceiling fan and light fixture in the living room, and new kitchen and bathroom faucets. The HVAC unit was replaced in 2016. With over $56,000 gross rental income in 2023 and just over $75,000 in 2022, this unit is perfect for an investor who is looking to grow your portfolio along the Alabama Gulf Coast. The unit is furnished to comfortably sleep six to seven guests. A unique feature in this unit is the large owner's closet that was converted from outdoor storage to an interior heated and cooled storage room. The fantastic amenities at Phoenix V make this building one of the most highly sought after condo complexes in Orange Beach. With amenities such as a large outdoor pool, indoor pool, kiddie pool and splash pad, hot tubs, fitness center, basketball court, tennis courts, and an outdoor grilling area, you will honestly never need to leave. Phoenix V is conveniently located within walking distance to Doc's Seafood,The Ruby Slipper, Live Bait, and several other shopping and dining attractions. With the peak rental season approaching, now is the perfect time to own this amazing investment in Orange Beach!

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The Niel Group is a team of local Orange Beach Realtors sharing what it's like to live the Gulf Coast lifestyle. Our team's specialty is working with clients who want to build wealth by investing in homes or condos in Orange Beach, Gulf Shores, Fort Morgan, Perdido Key and Pensacola Beach. Our coastal markets provide some of the most attractive long term price appreciation and rental rates in the country.

We are so glad you're here and so grateful for all of our subscribers!

If you want to talk to us about the AL or FL Gulf Coast real estate market, feel free to email us at: erin@thenielgroup.com.

Thank you for watching!

Erin Niel
The Niel Group | RE/MAX of Orange Beach
26021 Perdido Beach Blvd
Orange Beach, AL 36561
850.910.0603

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