183 McDonnell Ave 15 Unit Apartment Building $2,600,000 ($173,333/Unit) Biloxi, MS 39531

This offering presents a rare opportunity to acquire a stabilized, income-producing portfolio of fifteen individually platted condominium units located just one block from the beach in a highly desirable coastal market. The property combines long-term rental stability with short-term rental upside, creating an appealing blend of predictable cash flow and flexible revenue potential. All units are being delivered with leases in place, allowing investors to step immediately into strong in-place income without lease-up risk.
Each condominium features a well-designed two-bedroom, two-bath layout with attractive interior finishes including walk-in closets, open living areas with bar seating, tile flooring, stainless steel appliances, and private balconies that overlook the swimming pool. This uniform floorplan and consistent finish level enhance operational efficiency and reduce long-term maintenance variability across the portfolio. Four of the fifteen units operate as short-term rentals and will be conveyed fully furnished, offering a turnkey platform for continued nightly rental income or optional repositioning depending on investor strategy. The property’s coastal location within one block of the beach drives year-round demand from both long-term tenants and vacation visitors, while proximity to dining, retail, and recreational amenities further enhances the asset’s rental appeal.This portfolio represents an excellent investment for owners seeking immediate income, a diversified rental structure, and a prime beach-adjacent location with built-in long-term appreciation drivers. The combination of stabilized tenancy, modern unit features, and short-term rental potential positions the asset as a compelling addition to any multifamily or hospitality-oriented portfolio.