4-Unit Quadplex Near Highway
For Sale
$214,000
6443 Jasmine St, Moss Point, MS 39563
Located near Highway 90 with access to the Pascagoula shipyards.
Property Size2,300 SF
Price / SF$93.04
Days on Market87
Property Features for 6443 Jasmine St
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Multi-Family
Building Details
Year Built
1972
Listing Agency:
Coastal Sun Properties, LLC.
Listed By:
Melinda G Franklin · License #B23040
(228) 334-1168
Source:
Fiorellaavenue
Added: Jul 13
Changed: Sep 8
Last Checked: Oct 6 at 12:42AM
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 Coastal Sun Properties, LLC.
Investment Insights
Based on property information with market context.
This four-unit residential income property is located at 6443 Jasmine Street in Moss Point, Mississippi. The quadplex is reported at 75% occupancy and carries a GRM of 6.9.
The property is positioned near Highway 90, providing access to the Pascagoula shipyards. Its four-unit configuration offers a straightforward multifamily layout for an investor seeking an established residential income asset in the Moss Point market.
The property is positioned near Highway 90, providing access to the Pascagoula shipyards. Its four-unit configuration offers a straightforward multifamily layout for an investor seeking an established residential income asset in the Moss Point market.
Key Highlights
- Four‑unit quadplex configuration
- 75% occupancy
- GRM of 6.9
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,938
Cap Rate
7.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,760
$318.8K
Cap Rate 7%
$227,686
$227.7K
Cap Rate 9%
$177,089
$177.1K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$24.6K $10.68/SF
− Vacancy
−$1.8K −$0.78/SF
EGI
$22.8K $9.90/SF
− OpEx
−$6.8K −$2.97/SF
NOI
$15.9K $6.93/SF
Area
Jackson County, MS
Vacancy
7.31%
Lease Rate
$10.68 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,760
Cap Rate 7%
$227,686
Cap Rate 9%
$177,089
Alternative Uses
Best Use
Multifamily LT 5
$227.7K
$199.2K – $265.6K
NOI $15,938 @ 7.0% cap · market cap 7.45%
Second Best
Apartment 5plus
$198.2K
$173.4K – $231.2K
NOI $13,871 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$628.3K
$549.8K – $733.1K
NOI $43,983 @ 7.0% cap · market cap 20.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
131
Businesses Nearby
Explore this area
Business Placement
Demographics for 39563, MS
12,300
Population
5,717
Households
2.2
Avg Household Size
47
Median Age
15%
College-Educated
86%
High-School Grad
19.9 sq mi
ZIP Area
618
Density / Sq Mi
$46,672
Median Household Income
$30,719
Median Earnings
$1,039
Median Rent
$107,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Located near Highway 90 with access to the Pascagoula shipyards.
Where is this quadplex located?
The property is located at 6443 Jasmine St Moss Point, MS.
What is the asking price?
The asking price for this property is $214,000.
What are key features of this property?
This property features: Four‑unit quadplex configuration; 75% occupancy; GRM of 6.9
