24400 Perdido Beach Boulevard 502 Orange Beach, AL 36561

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 w/three months of owner usage 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 king sized bed and offers private access to the bathroom. The unit has recently been updated with gorgeous tile plank floors throughout, new washer, dryer, dishwasher 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. This unit is perfect for an investor who is looking to grow their 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, children's water park 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!