Property Description

Turnkey 3-unit income property in the heart of Long Beach - fully occupied, cash flowing from day one. The main residence (Unit A) is a 3-bedroom, 2-bath home featuring hardwood, tile, and brick floors, granite countertops, stainless steel appliances, a two-car garage, and a private fenced yard. Two additional 2-bedroom, 1-bath apartments occupy the rear of the property, each with private garages and a separate driveway - giving tenants their own entrance, privacy, and a premium rental experience that keeps them renewing. All three units are currently leased with newer HVAC systems throughout, meaning no vacancy headaches and minimal near-term capital expenditure at closing. Gross monthly income of $2,895 delivers an 8.45% cap rate at list price - exceptional for the Mississippi Gulf Coast market and well above what most stabilized multifamily properties are trading at right now. And here's something that matters to every investor on the Gulf Coast: this property is not in a flood zone, which means no flood insurance requirement and one less line item eating into your returns. Location is everything with income property, and 444 Klondyke Road delivers. Situated just minutes from the Gulf of Mexico beaches and a short drive to the Pass Road gate of the Navy Seabee Base, this property sits squarely in the sweet spot of Long Beach's rental market. The Seabee Base is one of the most valuable assets an income property can be near on the Mississippi Gulf Coast - military tenants are stable, responsible, and consistently in need of quality housing, and BAH rates in this area support strong market rents. Long Beach is one of the most desirable communities on the entire Gulf Coast - a small town with a big reputation. The Long Beach School District is consistently ranked among the best in the state, which is one of the primary reasons families choose to rent here rather than in neighboring communities. Quality school districts mean quality tenants, lower turnover, and stronger long-term rental demand - and that translates directly to income stability for the investor. Beyond the schools, Long Beach offers a quality of life that attracts and retains residents: easy beach access, a charming and growing downtown corridor with local restaurants and shops, proximity to the Gulfport-Biloxi metro area, and convenient access to Highway 90 and Interstate 10. Whether you are an experienced investor looking to add a well-positioned, high-yielding asset to your portfolio or a first-time income property buyer ready to start building wealth through real estate, 444 Klondyke Road is the kind of opportunity that does not come along often - three units, one address, fully leased, not in a flood zone, and priced to perform. All information deemed reliable but not guaranteed. Buyer to verify all information including but not limited to lease terms, rental amounts, square footage, flood zone status, and school assignments.

Property Features

Local Schools