Duplex with Long-Term
For Sale
$239,900
20029 Sunshine Dr, Long Beach, MS 39560
Duplex with two occupied units, owner-managed expenses, and 24-hour notice required for showings
Property Size1,979 SF
Price / SF$121.22
Days on Market71
Property Features for 20029 Sunshine Dr
General Information
Standard status
Active
Size
1,979 SF
Property subtype
Multi-Family
Occupancy
100%
Building Details
Year Built
2003
Tenancy
Multi
Listing Agency:
Beth Arnold Realty, LLC
Listed By:
Beth Arnold · License #B18960
(228) 861-7458
Source:
Fiorellaavenue
Added: Jul 29
Changed: Oct 7
Last Checked: Oct 5 at 9:40PM
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 Beth Arnold Realty, LLC
Investment Insights
Based on property information with market context.
This duplex features two occupied rental units with long-term tenants. Unit A is a 2-bedroom, 2-bath layout, and Unit B offers 3 bedrooms and 2 baths. The home is being sold as-is, and the property has just been leveled. Showings require 24 hours notice so tenants are not disturbed.
The duplex is located on Sunshine Drive off of Daugherty Rd in Long Beach, MS, within the 5 Star School District.
Operating responsibilities are split between owner and tenant. The owner pays property management, lawn care, taxes, and insurance, while the tenants pay water, sewer, garbage, recycle and yard debris removal, power, and internet/cablevision.
The duplex is located on Sunshine Drive off of Daugherty Rd in Long Beach, MS, within the 5 Star School District.
Operating responsibilities are split between owner and tenant. The owner pays property management, lawn care, taxes, and insurance, while the tenants pay water, sewer, garbage, recycle and yard debris removal, power, and internet/cablevision.
Key Highlights
- Two‑tenant duplex with both units occupied by long‑term tenants
- Unit A: 2 bedrooms, 2 bathrooms
- Unit B: 3 bedrooms, 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,455
Cap Rate
5.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,100
$249.1K
Cap Rate 7%
$177,929
$177.9K
Cap Rate 9%
$138,389
$138.4K
Market Conditions
NOI Build-Up for 1,979 SF
Gross rent
$19.2K $9.72/SF
− Vacancy
−$1.4K −$0.73/SF
EGI
$17.8K $8.99/SF
− OpEx
−$5.3K −$2.70/SF
NOI
$12.5K $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%
$249,100
Cap Rate 7%
$177,929
Cap Rate 9%
$138,389
Alternative Uses
Best Use
Multifamily LT 5
$177.9K
$155.7K – $207.6K
NOI $12,455 @ 7.0% cap · market cap 5.19%
Second Best
Apartment 5plus
$158.1K
$138.3K – $184.5K
NOI $11,067 @ 7.0% cap · market cap 4.61%
Theoretical Best
Healthcare Medical
$318.8K
$279.0K – $372.0K
NOI $22,317 @ 7.0% cap · market cap 9.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
88
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Duplex with two occupied units, owner-managed expenses, and 24-hour notice required for showings
Where is this duplex located?
The property is located at 20029 Sunshine Dr Long Beach, MS.
What is the asking price?
The asking price for this property is $239,900.
What are key features of this property?
This property features: Two‑tenant duplex with both units occupied by long‑term tenants; Unit A: 2 bedrooms, 2 bathrooms; Unit B: 3 bedrooms, 2 bathrooms
