1924 30th Ave - Assisted Livings FOR SALE


Gulfport, MS 39501
$350,000 USD
228-287-1200
1924 30th Ave, Gulfport, MS for Sale
$350,000 USD
Assisted Livings - FOR SALE
1/28
null | 9.18% Cap Rate

1924 30th Ave
Gulfport, MS 39501


OVERVIEW

Investment Opportunity - Income-Producing Senior Living Facility | Gulfport, MS - Located at 1924 30th Avenue in Gulfport, Mississippi, this well-maintained commercial property presents an exceptional investment opportunity with an established tenant and immediate cash flow. Currently operating as a senior living facility in partnership with the VA, the property is fully leased with approximately twenty-three (23) months remaining on the current lease and includes a tenant option to renew for an additional three (3) years. The facility underwent a comprehensive remodel completed in February 2026, enhancing the property's functionality, appearance, and long-term value. As part of the improvements, a new sprinkler system was installed, providing added safety and compliance for the facility's operations. The property is thoughtfully designed to accommodate resident care and daily living activities, featuring eleven (11) resident rooms, one (1) full bathroom, two (2) half bathrooms, a kitchenette, dedicated dining room, and two spacious sitting/entertainment areas for residents. Additional amenities include an employee lounge/office, utility room, and storage room, providing efficient functionality for ongoing operations. This turnkey investment offers a strong 9.18% cap rate, making it an attractive addition to any investor's portfolio. The property's established use, stable tenancy, recent upgrades, and favorable lease structure provide both income stability and future growth potential. **Property Highlights:** * Asking Price: $350,000 * Income-producing commercial investment * Currently operating as a senior living facility associated with the VA * Complete remodel finished in February 2026 * New sprinkler system installed * 11 resident rooms * 1 full bathroom and 2 half bathrooms * Kitchenette and dedicated dining area * 2 resident sitting/entertainment rooms * Employee lounge/office * Utility room and storage room * Approximately 23 months remaining on current lease * Tenant option to renew for an additional 3 years * Strong 9.18% cap rate * Convenient Gulfport location Investors seeking stable cash flow and a proven tenant-operated facility will appreciate the value and income potential this property offers. With substantial recent improvements already completed, this property is positioned to deliver reliable returns with minimal immediate capital expenditure requirements.

FOR SALE DETAILS

PRICE

$350,000 USD

PRICE/SF

$90 USD /SF

CAP RATE

9.18%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Health Care

PROPERTY SUBTYPE

Assisted Livings

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

Neighborhood Business

APN/PARCEL ID

0811E-01-028.000

ASK ABOUT THIS PROPERTY

Carrie FishColdwell Banker Commercial Alfonso RealtyMore Info
228-287-1200

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Carrie FishColdwell Banker Commercial Alfonso RealtyMore Info
228-287-1200

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