Property Description

Incredible multi-family investment opportunity consisting of two two-story brick buildings situated on a little over 1/2 acre directly across from Mississippi Gulf Coast Community College - Jefferson Davis Campus. Major capital improvements are nearly complete, including new paint, updated AC, resilient LVP flooring, and optimized floor plans-requiring only minor finishing touches to fully complete the renovation. Exterior features include extensive paved parking, a 20x20 metal pavilion for entertainment, and a separate washeteria outbuilding prepped for 3 sets of washers and dryers. Building B is fully stabilized and 100% occupied with four large 3BR/1.5BA units commanding $1,300/mo each. Building A offers two 3BR/1.5BA units upstairs ($1,300/mo) and a strategic 5-unit (3-BR only and 2-1BR/1 BA) co-living/student layout downstairs renting at $595/unit (private rooms are off a main hall with a common kitchen, living area, 1 full bath, and 2 half baths). With 6 units already generating income, this is value-add gem!

Property Features