707 E North St - Apartments FOR SALE


Pass Christian, MS 39571
$8,000,000 USD
256-653-0065
707 E North St, Pass Christian, MS for Sale
$8,000,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

707 E North St
Pass Christian, MS 39571


HIGHLIGHTS

  • Relaxed coastal living
  • Friendly atmosphere, historic architecture, and charming downtown area
  • In close proximity to the Pass Christian Harbor

OVERVIEW

Introducing an exceptional investment opportunity at 707 E North St, Pass Christian, MS. This impressive property boasts an overall footprint of 100,177 SF and 100 units, presenting an excellent prospect for Multifamily/Low-Rise/Garden investors. Just minutes from the beach and downtown, the property provides residents with convenience and coastal living that few rental options in the area can match. Caribbean In The Pass offers investors a well-positioned asset near the heart of downtown and just minutes from the Gulf Coast. The community’s two- and three-bedroom floor plans, paired with desirable amenities such as a pool, business center, and picnic areas, align with renter demand for convenience and lifestyle. Strong location fundamentals, pet-friendly policies, and Section 8 acceptance support occupancy stability and long-term performance, making this property a compelling investment in a growing coastal market. Caribbean in the Pass presents investors with the opportunity to acquire a stabilized, cash flowing asset with clear avenues to increase total revenue by continuing the proven rental increase strategy and taking advantage of lowered insurance expenses. With limited competition in the submarket, Caribbean in the Pass captures strong renter demand while delivering stable performance backed by the Gulf Coast’s growing economy and lifestyle appeal. Don't miss the chance to secure this prime asset in a sought-after location.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$80 USD /SF

# OF UNITS

100

PRICE/UNIT

$80,000

CAP RATE

Request Cap Rate

% LEASED

92%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caribbean in the Pass

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1998

PARKING SPACES

-

LAND DETAILS

LAND ACRES

7.4 AC

LAND SF

322,344 SF

ZONING

-

APN/PARCEL ID

0412K-04-004.000

ASK ABOUT THIS PROPERTY

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

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

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

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