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Seacrest on Southern 1910 Southern Ave 44 Unit Apartment Building For Sale Biloxi, MS 39531
Investment Highlights
- Offers investors the opportunity to acquire a stabilized, turnkey asset with the majority of capital improvements already completed
- Provides additional income growth potential through maintaining occupancy above 95%, achieving current internal asking rents
- Because of the comprehensive studs-out renovation, ownership can expect to avoid many of the structural issues
Executive Summary
Seacrest on Southern is a 44-unit, 29,800-square-foot apartment community located in Biloxi, Mississippi. Originally built in 1960 and renovated in 2023, the property offers durable construction and a well-executed renovation program within an established coastal submarket. Its proximity to major employment centers, casinos, retail, and the Gulf Coast supports consistent rental demand from hospitality workers, service professionals, and long-term residents alike. The asset is stabilized and cash-flowing, with additional upside through continued operational efficiencies and rent growth as renovations are fully realized.
Property Facts
| Sale Type | Investment | Lot Size | 0.91 AC |
| No. Units | 44 | Building Size | 29,800 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1960/2024 |
| Apartment Style | Low-Rise | Parking Ratio | 1.44/1,000 SF |
| Building Class | B | ||
| Zoning | R3 - Multifamily Residential | ||
| Sale Type | Investment |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.91 AC |
| Building Size | 29,800 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1960/2024 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | R3 - Multifamily Residential |
Amenities
Unit Amenities
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pool
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 28 | - | 550 |
| 2+1.5 | 16 | - | 900 |
Somewhat walkable
30/100
Very drivable
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1210K-02-027.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $151,470 |
Property Taxes
Parcel Number
1210K-02-027.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$151,470
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Seacrest on Southern | 1910 Southern Ave
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