Updated Duplex Near Gulf
1235 W Lagoon Avenue 17B Gulf Shores, AL 36542
1235 W Lagoon Avenue 17B, Gulf Shores, AL, 36542
$419,000
Pending
For Sale
$419,000
Pending
Updated 2 bed, 3 bath duplex with community amenities.
Property Size1,710 SF
Days on Market102
Property Features for 1235 W Lagoon Avenue 17B
General Information
- Standard status
- Pending
- Size
- 1,710 SF
- Property subtype
- Single Family
Building Details
- Year Built
- 1995
Listing Agency
RE/MAX of Gulf Shores
(251) 213-1467
Listed by
Nick Corcoran
(251) 213-1467
Source
Exitrealty
Added: Apr 9 Checked: Jul 17 at 5:04 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX of Gulf Shores
Investment Insights
Based on property information with market context.
This updated duplex, located in Pleasure Isle Villas in Gulf Shores, AL, features 2 bedrooms and 3 bathrooms. The multilevel unit includes new LVP flooring, granite countertops, and newly painted cabinetry. The property also boasts 3 balconies, all appliances, a fortified roof, covered parking, a large exterior storage closet, and an outdoor shower. The two bedrooms are located on the top floor, each with en-suite bathrooms and skylights. The primary suite features a private balcony, tall ceilings, natural lighting, a single vanity with sitting area, and a tub/shower combo. The 1710 square foot property is move-in or rent-ready and can be used as a rental investment or vacation getaway. Pleasure Isle Villas community amenities include deeded beach access, a heated pool, a tennis court, master insurance policy covered by the HOA, walking paths, and proximity to dining, shopping, attractions, and Gulf Shores beaches.
Key Highlights
- Deeded beach access directly across the street.
- Updated duplex with new LVP flooring, granite countertops, and painted cabinetry.
- Two bedrooms, each with en‑suite bathrooms and sky lighting.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $23.6k | $13.80 |
| − Vacancy | −$1.2k | −$0.72 |
| EGI | $22.4k | $13.08 |
| − OpEx | −$6.7k | −$3.92 |
| NOI | $15.7k | $9.16 |
1,710 SF · lease $13.80/SF/yr · vacancy 5.20% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$223.7K
$195.8K – $261.0K
NOI $15,660 @ 7.0% cap · market cap 3.74%
Second Best
Apartment 5plus
$199.1K
$174.2K – $232.3K
NOI $13,938 @ 7.0% cap · market cap 3.33%
Theoretical Best
Office A
$411.2K
$359.8K – $479.8K
NOI $28,785 @ 7.0% cap · market cap 6.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Updated 2 bed, 3 bath duplex with community amenities.
Where is this duplex located?
The property is located at 1235 W Lagoon Avenue 17B Gulf Shores, AL.
What is the asking price?
The asking price for this property is $419,000.
What are key features of this property?
This property features: Deeded beach access directly across the street.; Updated duplex with new LVP flooring, granite countertops, and painted cabinetry.; Two bedrooms, each with en‑suite bathrooms and sky lighting.
