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Moss Point Landing 3800 Hill Ave 32 Unit Apartment Building $1,195,000 ($37,344/Unit) 10.29% Cap Rate Moss Point, MS 39562
Investment Highlights
- Light value add with decent starting occupancy. Room to raise rents $50-100, add a few STRs, laundry etc. (Best for local operator)
Executive Summary
Back on the market after 3 failed buyers who did not understand the debt market . Light Value Add property. Approx 80-85% occupied. Perfect for local operator who can move the needle... All units have been turned over since 2021. You will need 30-40% down to purchase this asset. Feel free to call 760-578-3989 with specific questions. NO SELLER FINANCING, NO NEOPHYTES.
Data Room Click Here to Access
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$123,000
|
$8.09
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $123,000 |
| Annual Per SF | $8.09 |
Property Facts
| Price | $1,195,000 | Building Class | C |
| Price Per Unit | $37,344 | Lot Size | 2.74 AC |
| Sale Type | Investment | Building Size | 15,200 SF |
| Cap Rate | 10.29% | Average Occupancy | 84% |
| No. Units | 32 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1983/2021 |
| Property Subtype | Apartment | Parking Ratio | 2.78/1,000 SF |
| Apartment Style | Garden | Opportunity Zone |
Yes
|
| Zoning | R-3 - Residential Multi-Family Zoning | ||
| Price | $1,195,000 |
| Price Per Unit | $37,344 |
| Sale Type | Investment |
| Cap Rate | 10.29% |
| No. Units | 32 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.74 AC |
| Building Size | 15,200 SF |
| Average Occupancy | 84% |
| No. Stories | 1 |
| Year Built/Renovated | 1983/2021 |
| Parking Ratio | 2.78/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-3 - Residential Multi-Family Zoning |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Pet Play Area
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 32 | $695.00 | 450 |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $47,096 | |
| Land Assessment | $6,660 | Total Assessment | $53,756 |
Property Taxes
Parcel Numbers
Land Assessment
$6,660
Improvements Assessment
$47,096
Total Assessment
$53,756
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Moss Point Landing | 3800 Hill Ave
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