Incredible multi-family investment opportunity consisting of two two-story brick buildings situated on a little over 1/2 acre directly across from Mississippi Gulf Coast Community College - Jefferson Davis Campus. Major capital improvements are nearly complete, including new paint, updated AC, resilient LVP flooring, and optimized floor plans—requiring only minor finishing… Read More touches to fully complete the renovation. Exterior features include extensive paved parking, a 20x20 metal pavilion for entertainment, and a separate washeteria outbuilding prepped for 3 sets of washers and dryers. Building B is fully stabilized and 100% occupied with four large 3BR/1.5BA units commanding $1,300/mo each. Building A offers two 3BR/1.5BA units upstairs ($1,300/mo) and a strategic 5-unit (3-BR only and 2-1BR/1 BA) co-living/student layout downstairs renting at $595/unit (private rooms are off a main hall with a common kitchen, living area, 1 full bath, and 2 half baths). With 6 units already generating income, this is value-add gem! Read Less
Courtesy of Alain Harpin, Southern Way Realty 228-324-7187.
Listing Snapshot
Days Online
1
Last Updated
Beds
23
Full Baths
9
Partial Baths
8
Square Ft.
30,000
Lot Size
0.69 Acres
Year Built
1987
MLS Number
4156613
Additional Details
Building
Building Area Total: 30,000, Construction Materials: Brick, Furnished: No, Levels: Two, Number Of Units Total: 11, Year Built: 1987, Structure Type: Multi Family
Information herein is deemed reliable but not guaranteed and is provided exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Source: MLS United
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