183 McDonnell Ave - Apartments FOR SALE


Biloxi, MS 39531
$2,260,000 USD
228-875-4499
183 McDonnell Ave, Biloxi, MS for Sale
$2,260,000 USD
Apartments - FOR SALE
1/36
null | Request Cap Rate

183 McDonnell Ave
Biloxi, MS 39531


HIGHLIGHTS

  • Fifteen income-producing condos sold with current leases in place
  • Consistent two-bedroom, two-bath layouts with walk-in closets and modern finishes
  • Private balconies overlooking the pool for every unit
  • Four fully furnished short-term rental units providing immediate STR income
  • Located one block from the beach in a high-demand coastal area
  • Turnkey investment offering both stability and revenue upside

OVERVIEW

This offering presents a rare opportunity to acquire a stabilized, income-producing portfolio of fifteen individually platted condominium units located just one block from the beach in a highly desirable coastal market. The property combines long-term rental stability with short-term rental upside, creating an appealing blend of predictable cash flow and flexible revenue potential. All units are being delivered with leases in place, allowing investors to step immediately into strong in-place income without lease-up risk. Each condominium features a well-designed two-bedroom, two-bath layout with attractive interior finishes including walk-in closets, open living areas with bar seating, tile flooring, stainless steel appliances, and private balconies that overlook the swimming pool. This uniform floorplan and consistent finish level enhance operational efficiency and reduce long-term maintenance variability across the portfolio. Four of the fifteen units operate as short-term rentals and will be conveyed fully furnished, offering a turnkey platform for continued nightly rental income or optional repositioning depending on investor strategy. The property’s coastal location within one block of the beach drives year-round demand from both long-term tenants and vacation visitors, while proximity to dining, retail, and recreational amenities further enhances the asset’s rental appeal.This portfolio represents an excellent investment for owners seeking immediate income, a diversified rental structure, and a prime beach-adjacent location with built-in long-term appreciation drivers. The combination of stabilized tenancy, modern unit features, and short-term rental potential positions the asset as a compelling addition to any multifamily or hospitality-oriented portfolio.

FOR SALE DETAILS

PRICE

$2,260,000 USD

PRICE/SF

$61 USD /SF

# OF UNITS

15

PRICE/UNIT

$150,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2011

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.85 AC

LAND SF

37,026 SF

ZONING

-

APN/PARCEL ID

1210J-02-009.000

ASK ABOUT THIS PROPERTY

April CookWelcome Home Real Estate, Inc.More Info
228-875-4499

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April CookWelcome Home Real Estate, Inc.More Info
228-875-4499

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.