485 Tegarden Rd - Apartments FOR SALE


Gulfport, MS 39507
$1,900,000 USD
205-379-7048
485 Tegarden Rd, Gulfport, MS for Sale
$1,900,000 USD
Apartments - FOR SALE
1/15
null | 7.41% Cap Rate

485 Tegarden Rd
Gulfport, MS 39507


HIGHLIGHTS

  • 485 Tegarden offers immediate scale in the high-demand Gulfport market with minimal deferred maintenance.
  • Individually metered, 100% electric units with in-unit laundry reduce operating costs and simplify utility management.
  • Tenant-paid utilities and modern layouts support strong tenant satisfaction and long-term demand.

OVERVIEW

Matthews Real Estate Investment Services™ is pleased to present the opportunity to acquire 485 Tegarden, a well-maintained and strategically located multifamily community in Gulfport, MS. This asset offers investors an immediate opportunity to acquire scale in a high-demand Gulf Coast market with strong operational fundamentals and minimal deferred maintenance. The property features individually metered units for both electricity and water, allowing for tenant-direct utility billing and eliminating the need for ownership chargebacks. Each unit is equipped with central HVAC systems, in-unit laundry rooms with washer/dryer connections, and full electric service, reducing maintenance complexity and operating costs. The community is 100% electric, with no gas infrastructure, further streamlining utility management. Tenants are responsible for their own water and power bills, and there are no additional charges for pest control or trash, which enhances lease transparency and tenant satisfaction. All units benefit from private laundry facilities, removing the need for shared, on-site laundry amenities. This feature, along with modern unit layouts, positions the property well for sustained tenant demand.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$161 USD /SF

# OF UNITS

16

PRICE/UNIT

$118,750

CAP RATE

7.41%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tegarden 485

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2010

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,062 SF

ZONING

-

APN/PARCEL ID

0910P-01-002.000,0910P-01-002.001,0910P-01-003.000,0910P-01-003.001,0910P-01-003.002

ASK ABOUT THIS PROPERTY

Andrew TunnellMatthews Real Estate Investment Services, Inc.More Info
205-379-7048

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Andrew TunnellMatthews Real Estate Investment Services, Inc.More Info
205-379-7048

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