4000 Gulf Terrace Drive, Unit UNIT 122 Destin, FL 32541

PRICED AT $250,000

Listing Details

  • $250,000
  • MLS# 1013697
  • Type Residential - Condominium
  • Status Pending
  • 2 Bedrooms
  • 1 full Bathrooms
  • 1,050 Square Feet
  • 1973 Year Built

Description

INVESTOR OPPORTUNITY IN THE HEART OF DESTIN! Unit 122 at Gulf Terrace offers an exciting opportunity for first-time investors or savvy buyers looking to create value in one of the Emerald Coast's most popular vacation destinations. Bring your vision and add your personal touch to this condo while exploring its potential to build equity and generate vacation rental income. Updated comparable units have demonstrated **proven gross rental income of approximately $67K annually**, offering an attractive benchmark for investors considering the possibilities here. 2025 Actual Gross Income $55,790 2026 Actual Gross Income YTD over $51KIdeally located...read more

Features

  • Dishwasher
  • Disposal
  • Dryer
  • Microwave
  • Refrigerator W/IceMk
  • Smooth Stovetop Rnge
  • Stove/Oven Electric
  • Washer
  • Water Heater - Elect
  • Ceiling Fans, Central Air
  • Floor Tile
  • Floor Vinyl
  • Central
  • 2.0 Stories
  • $2,546 Taxes
  • Built in 1973
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All Property Features

  • Property Type: Residential - Condominium
  • Appliances: Dishwasher, Disposal, Dryer, Microwave, Refrigerator W/IceMk, Smooth Stovetop Rnge, Stove/Oven Electric, Washer, Water Heater - Elect
  • Association Fee Includes: Accounting, Ground Keeping, Land Recreation, Legal, Management, Recreational Faclty, Security, Sewer, Water, Cable TV, Trash
  • Community Features: Short Term Rental - Allowed, Pickle Ball, BBQ Pit/Grill, Community Room, Dumpster, Fishing, Gated Community, Laundry, Pets Allowed, Picnic Area, Pool, Tennis, TV Cable
  • Cooling: Ceiling Fans, Central Air
  • Days on Site: 25
  • Exterior: Concrete, Frame, Stucco
  • Exterior: Sprinkler System
  • Financing Terms: Conventional, Other
  • Flooring: Floor Tile, Floor Vinyl
  • Heating: Central
  • HOA: Yes
  • Home Style: N/A
  • Interior: Owners Closet, Split Bedroom, Washer/Dryer Hookup
  • Parcel Number: 00-2S-22-1095-0122-0000
  • Pool Features: Pool Type
  • Property Condition: Needs Work, Construction Complete
  • Rooms Total: 5
  • Sewer: Public Sewer
  • Special View Info: Lake
  • Stories: 2.0
  • Sub Type: Condominium
  • Taxes: $2,546
  • Utilities: Electric, Public Water, TV Cable
  • Window: Window Treatment All
  • Year Built: 1973