Renovated Duplex Investment
12206 Prudie Circle Gulfport, MS 39503
For Sale
$205,000
Fully renovated duplex with leases in place, great investment.
Property Size2,095 SF
Price / SF$97.85
Days on Market100
Property Features for 12206 Prudie Circle
General Information
Standard status
Active
Size
2,095 SF
Property subtype
Multi Family
Building Details
Year Built
2010
Listing Agency:
Coldwell Banker Smith Home Rltrs-Gautier
(228) 218-0616
Listed By:
Twila A Peterson · License #B15078
(228) 218-0616
Source:
Compass
Added: Apr 19
Changed: Jul 10
Last Checked: Jul 27 at 12:28PM
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 Coldwell Banker Smith Home Rltrs-Gautier
Investment Insights
Based on property information with market context.
This is a unique investment opportunity featuring a fully renovated and updated duplex. The property has fresh paint inside and out, new flooring, appliances, and an updated HVAC system. Located close to shopping, entertainment, dining, and more. Each unit features a 3 bedroom / 2 bath configuration with an open concept kitchen overlooking the living area. The bedrooms are generously sized with closets. A range, microwave, dishwasher, and refrigerator are included in each unit. Each unit also has stackable washer/dryer hookups. The upstairs unit features the same floor plan and includes a balcony.
Key Highlights
- Fully renovated with new/recently serviced appliances, HVAC, flooring, and fresh paint.
- Desirable 3 bedroom / 2 bath configuration in each unit.
- Convenient location close to shopping, entertainment, and dining.
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.4k | $9.72 |
| − Vacancy | −$1.5k | −$0.73 |
| EGI | $18.8k | $8.99 |
| − OpEx | −$5.7k | −$2.70 |
| NOI | $13.2k | $6.29 |
2,095 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$188.4K
$164.8K – $219.8K
NOI $13,185 @ 7.0% cap · market cap 6.43%
Second Best
Apartment 5plus
$167.4K
$146.5K – $195.3K
NOI $11,716 @ 7.0% cap · market cap 5.72%
Theoretical Best
Healthcare Medical
$337.5K
$295.3K – $393.8K
NOI $23,625 @ 7.0% cap · market cap 11.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex with leases in place, great investment.
Where is this duplex located?
The property is located at 12206 Prudie Circle Gulfport, MS.
What is the asking price?
The asking price for this property is $205,000.
What are key features of this property?
This property features: Fully renovated with new/recently serviced appliances, HVAC, flooring, and fresh paint.; Desirable 3 bedroom / 2 bath configuration in each unit.; Convenient location close to shopping, entertainment, and dining.
