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Caribbean in the Pass 707 E North St 100 Unit Apartment Building $8,000,000 ($80,000/Unit) Pass Christian, MS 39571
INVESTMENT HIGHLIGHTS
- Relaxed coastal living
- In close proximity to the Pass Christian Harbor
- Friendly atmosphere, historic architecture, and charming downtown area
EXECUTIVE SUMMARY
Introducing an exceptional investment opportunity at 707 E North St, Pass Christian, MS. This impressive property boasts an overall footprint of 100,177 SF and 100 units, presenting an excellent prospect for Multifamily/Low-Rise/Garden investors. Just minutes from the beach and downtown, the property provides residents with convenience and coastal living that few rental options in the area can match.
Caribbean In The Pass offers investors a well-positioned asset near the heart of downtown and just minutes from the Gulf Coast. The community’s two- and three-bedroom floor plans, paired with desirable amenities such as a pool, business center, and picnic areas, align with renter demand for convenience and lifestyle. Strong location fundamentals, pet-friendly policies, and Section 8 acceptance support occupancy stability and long-term performance, making this property a compelling investment in a growing coastal market.
Caribbean in the Pass presents investors with the opportunity to acquire a stabilized, cash flowing asset with clear avenues to increase total revenue by continuing the proven rental increase strategy and taking advantage of lowered insurance expenses.
With limited competition in the submarket, Caribbean in the Pass captures strong renter demand while delivering stable performance backed by the Gulf Coast’s growing economy and lifestyle appeal. Don't miss the chance to secure this prime asset in a sought-after location.
Caribbean In The Pass offers investors a well-positioned asset near the heart of downtown and just minutes from the Gulf Coast. The community’s two- and three-bedroom floor plans, paired with desirable amenities such as a pool, business center, and picnic areas, align with renter demand for convenience and lifestyle. Strong location fundamentals, pet-friendly policies, and Section 8 acceptance support occupancy stability and long-term performance, making this property a compelling investment in a growing coastal market.
Caribbean in the Pass presents investors with the opportunity to acquire a stabilized, cash flowing asset with clear avenues to increase total revenue by continuing the proven rental increase strategy and taking advantage of lowered insurance expenses.
With limited competition in the submarket, Caribbean in the Pass captures strong renter demand while delivering stable performance backed by the Gulf Coast’s growing economy and lifestyle appeal. Don't miss the chance to secure this prime asset in a sought-after location.
PROPERTY FACTS
| Price | $8,000,000 | Building Class | B |
| Price Per Unit | $80,000 | Lot Size | 7.40 AC |
| Sale Type | Investment | Building Size | 100,177 SF |
| No. Units | 100 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1998 |
| Apartment Style | Garden |
| Price | $8,000,000 |
| Price Per Unit | $80,000 |
| Sale Type | Investment |
| No. Units | 100 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 7.40 AC |
| Building Size | 100,177 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1998 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Freezer
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Playground
- Pool
- Planned Social Activities
- Sundeck
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1.5 | 50 | - | 860 |
| 3+2 | 50 | - | 1,060 |
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Caribbean in the Pass | 707 E North St
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