3800 Hill Ave - Apartments FOR SALE


Moss Point, MS 39562
$1,175,000 USD
760-578-3989
3800 Hill Ave, Moss Point, MS for Sale
$1,175,000 USD
Apartments - FOR SALE
1/20
null | 9.36% Cap Rate

3800 Hill Ave
Moss Point, MS 39562


HIGHLIGHTS

  • Many local employers
  • Somewhat walkable to shopping and banking
  • low barrier to entry

OVERVIEW

Back on Market! 32Unit Garden style apartments in quiet neighborhood. Perfect for local operator who can implement basic value add strategies... The new local manager is doing a great job and would like to stay if needed. New roofs in 2020 and most of the units have been redone with new kitchens, water heaters, AC heat pumps.... Ample value ads still could be implemented including, pet fees, water rubs, install laundry room, add a few STR's.... Gulfport to Mobile market is a strong rental area! Call text Mike for questions 760-578-3989. All offers will be responded to as presented. No wholesalers. 2025 projected NOI =$110k Owner will NOT offer any financing. $36.7 K per door for a stabilized asset is tough to find!

FOR SALE DETAILS

PRICE

$1,175,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

32

PRICE/UNIT

$36,719

CAP RATE

9.36%

% LEASED

84%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Moss Point Landing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

40

LAND DETAILS

LAND ACRES

2.74 AC

LAND SF

119,354 SF

ZONING

None

APN/PARCEL ID

0-18-01-470.060,0-18-01-470.070,0-18-01-470.080

ASK ABOUT THIS PROPERTY

Mike CoricaI-deal Homes Real Estate HoldingsMore Info
760-578-3989

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Mike CoricaI-deal Homes Real Estate HoldingsMore Info
760-578-3989

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