APARTMENTS

511 32nd Street, Gulfport, MS 39507

$890,000

14 Units | Multifamily

Multifamily Property For Sale

Price:
$890,000
No. Units:
14
Building Size:
11,129 SF
Price/Unit:
$63,571.43
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Additional Sub-types:
Office Building
Property Use Type:
Investment
Commission Split:
5%
Cap Rate:
8.55%
Occupancy:
100%
No. Stories:
2
Lot Size:
0.33 AC
Listing ID
16186251
Last Updated
22 days ago

Find Out More...

Description

14 Unit Apartment Complex. Central Location. 2 miles to airport, 3 miles to port. 1x3Bd, 2x2Bd, 7x1Bd, 4 Efficiencies. The property has parking for approx.25 vehicles. Stable Tenants, 100% occupied. High ground, did not flood during Katrina.

Excellent Central Location. Corner of 32nd St. and A Ave. Pass Rd visibility. 2 miles to airport, 1 mile to beach. 3 miles to the Port of Gulfport. Gulfport/Biloxi ranks 9th on the Forbes Top Ten list of fastest growing small metro areas in the nation.

Financial Summary

Unit Mix Information

  • Actual
  • 2009
  • $108,720
  • $21,104
  • $87,616
Commercial property information by LoopNet

Map of 511 32nd Street, Gulfport, MS 39507 (Harrison County)

Contact Listing Broker to find out more details.

Presented by

NAI Sawyer

Request additional information

Contact Listing Broker
William Fell (228) 363-2823
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