3800 Hill Ave - Apartments FOR SALE


Moss Point, MS 39562
$1,195,000 USD
760-578-3989
3800 Hill Ave, Moss Point, MS for Sale
$1,195,000 USD
Apartments - FOR SALE
1/23
null | 10.29% Cap Rate

3800 Hill Ave
Moss Point, MS 39562


HIGHLIGHTS

  • Light value add with decent starting occupancy. Room to raise rents $50-100, add a few STRs, laundry etc. (Best for local operator)

OVERVIEW

Back on the market after 3 failed buyers who did not understand the debt market . Light Value Add property. Approx 80-85% occupied. Perfect for local operator who can move the needle... All units have been turned over since 2021. You will need 30-40% down to purchase this asset. Feel free to call 760-578-3989 with specific questions. NO SELLER FINANCING, NO NEOPHYTES.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$79 USD /SF

# OF UNITS

32

PRICE/UNIT

$37,344

CAP RATE

10.29%

% 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

R-3

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.