203 N Cleveland Ave - Apartments FOR SALE


Long Beach, MS 39560
$8,500,000 USD
256-653-0065
203 N Cleveland Ave, Long Beach, MS for Sale
$8,500,000 USD
Apartments - FOR SALE
1/11
null | Request Cap Rate

203 N Cleveland Ave
Long Beach, MS 39560


HIGHLIGHTS

  • Close proximity to the Gulf Coast
  • Convenient access to schools, parks, and medical facilities

OVERVIEW

Long Beach Square in Long Beach, MS presents a strong multifamily investment opportunity. The property offers a mix of one- and two-bedroom units with in-demand amenities and a location near Long Beach's impressive schools and just minutes from the beach, downtown Long Beach, and the University of Southern Mississippi–Gulf Park campus. Residents also benefit from nearby shopping, dining, schools, and healthcare services, enhancing long-term renter appeal. With steady population growth and limited apartment supply in the submarket, Long Beach Square is positioned to maintain stable occupancy and deliver consistent returns. Long Beach Square presents investors with the opportunity to acquire a stabilized, cash flowing asset with clear avenues to increase total revenue by continuing their in-place strategies of achieving market rent. New ownership will inherit an updated property with a lowered insurance cost, setting them up for impressive returns with little required.

FOR SALE DETAILS

PRICE

$8,500,000 USD

PRICE/SF

$108 USD /SF

# OF UNITS

100

PRICE/UNIT

$85,000

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Long Beach Square

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1984

PARKING SPACES

156

LAND DETAILS

LAND ACRES

6.8 AC

LAND SF

296,208 SF

ZONING

R-2/C-2

APN/PARCEL ID

0611O-04-043.000

ASK ABOUT THIS PROPERTY

Andy AgeeSVN - AVAT Realty, LLCMore Info
256-653-0065

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Andy AgeeSVN - AVAT Realty, LLCMore Info
256-653-0065

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