415 Colbert Ave Near Perdido Key, NAS & Bayou Grande - A Rare Opportunity with Income Potential! 3 bedroom/ 2 bath home with 2 entrances. Inlaw suite/ Collage student entrance with its own kitchen. This versatile property can function as two separate living quarters-perfect for owner-occupants, multi-generational living, military families, or investors. The main living area features 2 bedrooms, 1 bath, a full kitchen, living room, Dinning area and central heat and air. Then walk into the master bedroom area. Currently a door way but we can install a divider door if requested. The private suite has its own entrance, living area, kitchen, bedroom, full bath, closet, and a brand-new mini-split system, making it ideal for extended family, guests, or rental income. The laundry room is positioned to serve either both living areas or be dedicated exclusively to the apartment. Located just a few homes from Bayou Grande and near Perdido Key, NAS, public boat launches, waterfront parks, shopping, restaurants, and the National Naval Aviation Museum, this property is perfectly positioned for those who want to enjoy the Gulf Coast lifestyle while remaining close to one of the area's largest employers. The apartment offers excellent long-term rental potential or housing for military personnel, traveling professionals, or visiting family members. Seller estimates the apartment could generate approximately $1, 000-$1, 400 per month if professionally managed. Buyer should independently verify rental regulations and income potential. Move-in ready with a newer roof (approximately five years old), new interior paint, updated flooring, new light fixtures, central HVAC in the main home, and a brand-new mini-split serving the private suite. The spacious front yard provides lots of parking, and the detached approximately 300-square-foot storage building offers outstanding storage and future flexibility.