1812 Market St - Apartments FOR SALE


Pascagoula, MS 39567
$285,000 USD
1812 Market St, Pascagoula, MS for Sale
$285,000 USD
Apartments - FOR SALE
1/26
null | 11% Cap Rate

1812 Market St
Pascagoula, MS 39567


HIGHLIGHTS

  • Proximity to Ingalls, Chevron, Rolls Royce, etc bring many opportunities for short term leases.
  • Completely remodeled
  • Tenants in place!

OVERVIEW

Presenting a 4-unit multifamily, income-producing property ideally situated in the heart of Pascagoula. This charming complex offers a blend of classic architecture and modern updates, making it a prime addition to any investment portfolio. Property Highlights: Unit Composition: The property comprises four units—three studio apartments and one spacious two-bedroom, one-bath unit—totaling 1,725 sq ft of living space. Recent Updates: All units have been recently renovated, featuring laminate and vinyl flooring, ceiling fans, and essential appliances including electric ranges, refrigerators, and water heaters. Prime Location: Located just minutes from Ingalls Shipbuilding, Chevron, Rolls Royce and downtown Pascagoula, residents enjoy easy access to employment opportunities, dining, shopping, and the scenic beach area. Lot Size: Situated on a 9,148 sq ft city lot, the property offers ample space for potential future development or enhancements. Parking: Includes common parking areas, accommodating multiple vehicles for tenants. Zoning: Community Commerical zoning Whether you're an experienced investor or new to real estate, this property presents a fantastic opportunity to own a piece of Pascagoula's growing community. With its strategic location and updated units, this investment is poised to attract quality tenants and deliver steady rental income. Unit 1 - Furnished. Rented for $1200/month Unit 2 - Furnished. Rented for $1100/month Unit 3 - Unfurnished. Rented for $725/month Unit 4 - Unfurnished. Rented for $895/month

FOR SALE DETAILS

PRICE

$285,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

4

PRICE/UNIT

$71,250

CAP RATE

11%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1934

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

CC

APN/PARCEL ID

4-12-30-551.000

ASK ABOUT THIS PROPERTY

Kimberly WilsonWeichert, Realtors - Gulf PropertiesMore Info

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Kimberly WilsonWeichert, Realtors - Gulf PropertiesMore Info

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