43 Unit Portfolio

Multi-Family for Sale
Catylist Listing ID: 30573192
Property Subtypes: Duplex/Fourplex
Number of Units: 43 Units
Building Size (RSF): 27,000 SF
Gross Building Area: See Agent
Sale Price: $1,570,000
Unit Price: $36,511.63 Per Unit
Property Use Type: Investment
Building Name: Multiple Addresses
Sale Terms: Cash to Seller
Cap Rate: 9.4%
Last Updated: 1/19/2021

Overview / Comments

- 9.4 Cap Rate on existing income with below market rents
- 96-100% Occupancy
- 7 properties within .5 mile radius
- 43 units total; 18 duplex, 1 triplex, 1 fourplex
- See Attached Offering Memorandum for more information

Attachments & Media

Additional Details

Nearest MSA: Gulfport-Biloxi
County: Stone
Tax ID/APN: 074F -04-024.004
Percent Occupied: 100%
Property Condition: Good
Construction/Siding: Brick, Brick/Vinyl Siding

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,741 3,829 3,829
Median Age: 34.88 37.08 37.08
Households: 653 1,280 1,280


Photograph of Listing Agent

Monte Luffey

Southeast Commercial of MS, LLC Gulfport, MS 39501
Gulf Coast CMLS Member
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