Four-Unit Residential Income
101 Via Don Ray Road, Long Beach, MS 39560
For Sale
New
$475,000
Three units have long-term tenants, and the fourth is used as a short-term rental.
Property Size5,252 SF
Price / SF$90.44
Days on Market4
Property Features for 101 Via Don Ray Road
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
granite countertops
stainless steel appliances
fireplaces
walk-in closets
double vanities
in-unit laundry
fenced yards
Building Details
Year Built
Listing Agency:
Veterans Realty
Listed By:
Mallory Simpson
(228) 297-3374
Source:
Cdgroupusa
Added: Nov 6
Last Checked: Nov 6 at 2:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Veterans Realty
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Investment Insights
Based on property information with market context.
This Long Beach property contains four two-story residences, each arranged with two bedrooms and one and a half bathrooms. Living space is on the first floor, with bedrooms upstairs. Interior features include granite counters, stainless steel appliances, fireplaces, wood-look vinyl and tile flooring, walk-in closets, double vanities, and in-unit laundry. Fenced yards serve each unit. The building was constructed in 1985.
Three units are occupied by long-term tenants; the fourth is operated as a short-term rental. The property is in Long Beach, Mississippi, and is outside the flood zone.
Three units are occupied by long-term tenants; the fourth is operated as a short-term rental. The property is in Long Beach, Mississippi, and is outside the flood zone.
Key Highlights
- Four residential units, each with a two‑bedroom, 1.5‑bath layout
- Three units have long‑term tenants; one is used as a short‑term rental
- Two‑story residences place living areas downstairs and bedrooms upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,055
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,100
$661.1K
Cap Rate 7%
$472,214
$472.2K
Cap Rate 9%
$367,278
$367.3K
Market Conditions
NOI Build-Up for 5,252 SF
Gross rent
$51.0K $9.72/SF
− Vacancy
−$3.8K −$0.73/SF
EGI
$47.2K $8.99/SF
− OpEx
−$14.2K −$2.70/SF
NOI
$33.1K $6.29/SF
Area
Harrison County, MS
Vacancy
7.50%
Lease Rate
$9.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$661,100
Cap Rate 7%
$472,214
Cap Rate 9%
$367,278
Alternative Uses
Best Use
Multifamily LT 5
$472.2K
$413.2K – $550.9K
NOI $33,055 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$419.6K
$367.1K – $489.5K
NOI $29,371 @ 7.0% cap · market cap 6.18%
Theoretical Best
Healthcare Medical
$846.1K
$740.3K – $987.1K
NOI $59,227 @ 7.0% cap · market cap 12.47%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
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Business Placement
Demographics for 39560, MS
18,611
Population
8,429
Households
2.2
Avg Household Size
41
Median Age
31%
College-Educated
94%
High-School Grad
20.3 sq mi
ZIP Area
917
Density / Sq Mi
$73,090
Median Household Income
$40,000
Median Earnings
$1,196
Median Rent
$210,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Three units have long-term tenants, and the fourth is used as a short-term rental.
Where is this quadplex located?
The property is located at 101 Via Don Ray Road Long Beach, MS.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four residential units, each with a two‑bedroom, 1.5‑bath layout; Three units have long‑term tenants; one is used as a short‑term rental; Two‑story residences place living areas downstairs and bedrooms upstairs
