782 Water St Biloxi, MS 39530-4222
This stunning, fully renovated 3,400 sq ft multi-unit property in Biloxi's Golf Cart District presents a unique investment opportunity. Originally built in the 1700s, this meticulously restored historical gem boasts modern luxury finishes including quartz countertops, high-end appliances, and stackable washers/dryers in each unit. The property has been completely modernized to 2021 commercial fire and building codes, featuring a new roof, HVAC systems, electrical, flooring, and sound suppression systems in walls and floors. A new certificate of occupancy is in place. Security features include a 360-degree HD camera system and digital locks. Architectural highlights include an iron staircase, four fireplaces, and code-compliant windows, all while preserving historic details. Its prime location offers easy walking access to restaurants, casinos (Hard Rock and Beau Rivage), MGM Park, beaches, and nightlife. Currently operating as a successful Airbnb, this turnkey operation offers immediate income potential, with expansion possibilities to add units at the rear of the 0.26-acre lot. The property is also well-suited for conversion to long-term corporate rentals. This exceptional property combines historical charm, modern amenities, and significant investment potential in a thriving Biloxi market. The asking price is $1,375,000.
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Cologne & Cotton Boutique Clothing & Fashion Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.