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Gulf Coast Estates 1005 W Birch Dr 40 Unit Apartment Building For Sale Gulfport, MS 39503
Investment Highlights
- Strong NOI
- Fully Digitized Management
- Streamlined Operations
Executive Summary
Turnkey 40-unit multifamily complex featuring 8 one-bed, 24 two-bed, and 8 three-bed units—all fully occupied, with the majority of rents paid through government programs for exceptional stability.
Units include new appliances and finishes. The property offers a newly finished parking lot, digitized revenue-generating laundry, and a fully equipped leasing office with storage.
Operations are streamlined with a digital rent-collection system and transparent financial records, making this asset ideal for a passive investor. Rents update annually through government programs, providing built-in income growth.
The property generates ~$650K in annual revenue with an impressive ~$490K NOI, and offers both an assumable Fannie Mae loan and seller financing.
Units include new appliances and finishes. The property offers a newly finished parking lot, digitized revenue-generating laundry, and a fully equipped leasing office with storage.
Operations are streamlined with a digital rent-collection system and transparent financial records, making this asset ideal for a passive investor. Rents update annually through government programs, providing built-in income growth.
The property generates ~$650K in annual revenue with an impressive ~$490K NOI, and offers both an assumable Fannie Mae loan and seller financing.
Property Facts
| Sale Type | Investment | Lot Size | 4.90 AC |
| No. Units | 40 | Building Size | 32,669 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1980/2023 |
| Building Class | C | Parking Ratio | 2.39/1,000 SF |
| Zoning | RMF - Residential Multi Family | ||
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 4.90 AC |
| Building Size | 32,669 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built/Renovated | 1980/2023 |
| Parking Ratio | 2.39/1,000 SF |
| Zoning | RMF - Residential Multi Family |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Playground
- Security System
- Recycling
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 717 |
| 2+1 | 24 | - | 855 |
| 3+1.5 | 8 | - | 1,099 |
Property Taxes
| Parcel Number | 0908K-01-008.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $150,692 |
Property Taxes
Parcel Number
0908K-01-008.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$150,692
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Presented by
Vesta Realty Group
Gulf Coast Estates | 1005 W Birch Dr
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