Renovated 3-Bed
For Sale
$260,000
14918 Stacey Street West, Vancleave, MS 39565
Duplex includes two 3-bedroom, 2-bath units, currently vacant and under renovation for summer completion.
Property Size2,100 SF
Price / SF$123.81
Days on Market130
Property Features for 14918 Stacey Street West
General Information
Standard status
Active
Size
2,100 SF
Property subtype
Multi Family
Additional Details
Multifamily Units
2
Building Details
Year Built
2008
Listing Agency:
Epique
(601) 382-2201
Listed By:
Justin Britt · License #S52358
(601) 382-2201
Source:
Compass
Added: Mar 23
Changed: Jul 23
Last Checked: Jul 29 at 2:32PM
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 Epique
Investment Insights
Based on property information with market context.
This duplex offers a two-unit residential income setup with each unit featuring 3 bedrooms and 2 baths. The property is currently vacant and is undergoing renovation, with completion anticipated this summer.
The duplex is being offered as part of an 11-duplex bundle, and the other duplexes are available individually or together, depending on a buyer’s preference.
The seller notes renovation progress and intended interior finishes can be viewed through the available interior photos for MLS number 4143643, which provides an example of what the completed units will look like once work is finished.
The duplex is being offered as part of an 11-duplex bundle, and the other duplexes are available individually or together, depending on a buyer’s preference.
The seller notes renovation progress and intended interior finishes can be viewed through the available interior photos for MLS number 4143643, which provides an example of what the completed units will look like once work is finished.
Key Highlights
- Duplex with 2 units, each featuring 3 bedrooms and 2 full bathrooms
- Currently vacant and under renovation, with renovations planned for summer completion
- Central heating and central air (electric) with public water and public sewer
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 | $22.4k | $10.68 |
| − Vacancy | −$1.6k | −$0.78 |
| EGI | $20.8k | $9.90 |
| − OpEx | −$6.2k | −$2.97 |
| NOI | $14.6k | $6.93 |
2,100 SF · lease $10.68/SF/yr · vacancy 7.31% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$207.9K
$181.9K – $242.5K
NOI $14,552 @ 7.0% cap · market cap 5.60%
Second Best
Apartment 5plus
$180.9K
$158.3K – $211.1K
NOI $12,665 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$573.7K
$502.0K – $669.3K
NOI $40,159 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
55
Businesses Nearby
Explore this area
Business Placement
Demographics for 39565, MS
19,972
Population
7,732
Households
2.6
Avg Household Size
40
Median Age
23%
College-Educated
92%
High-School Grad
274.6 sq mi
ZIP Area
73
Density / Sq Mi
$87,417
Median Household Income
$44,045
Median Earnings
$1,112
Median Rent
$204,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex includes two 3-bedroom, 2-bath units, currently vacant and under renovation for summer completion.
Where is this duplex located?
The property is located at 14918 Stacey Street West Vancleave, MS.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Duplex with 2 units, each featuring 3 bedrooms and 2 full bathrooms; Currently vacant and under renovation, with renovations planned for summer completion; Central heating and central air (electric) with public water and public sewer
