5420 28th St - Apartments FOR SALE


Gulfport, MS 39501
$735,000 USD
228-287-1200
5420 28th St, Gulfport, MS for Sale
$735,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

5420 28th St
Gulfport, MS 39501


OVERVIEW

Rare investment opportunity directly across from the north entrance of Naval Construction Battalion Center (NCBC) Gulfport — one of the Gulf Coast's most reliable demand drivers for residential rentals. This 13-unit mixed-use income portfolio spans two adjacent parcels (5400 & 5420 28th St) and includes twelve 2-bedroom/1-bath units and one 1-bedroom studio, generating $8,700/month ($104,400/year) in current gross rents. Property further features a vacant 600 SF commercial space and a non-operating on-site laundry facility — both representing immediate, untapped income streams for a new owner. Current rents run well below Gulfport market rates of $850-$1,100+/month for 2-bedroom units, offering a clear value-add path through natural lease turnover with no forced displacement. Bring the commercial space online, restore the laundry, and stabilized gross income potential approaches $13,100+/month. Combined annual property taxes on both parcels total just $6,456. Water and dumpster service are owner-paid and documented. Ideal for a 1031 exchange buyer, regional multifamily operator, or value-add investor. Zoned commercial/multifamily. Do not disturb tenants — showings by appointment only. All information deemed reliable but not guaranteed; buyer to verify all data.

FOR SALE DETAILS

PRICE

$735,000 USD

PRICE/SF

$84 USD /SF

# OF UNITS

13

PRICE/UNIT

$56,538

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MultiFamily Opportunity for 1031 or Investor

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

Commercial Multi-Family

APN/PARCEL ID

0710N-03-028.000

ASK ABOUT THIS PROPERTY

Philip LeBlancColdwell Banker Commercial Alfonso RealtyMore Info
228-287-1200

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Philip LeBlancColdwell Banker Commercial Alfonso RealtyMore Info
228-287-1200

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