Renovating Duplex for
14921 Masterson Avenue Vancleave, MS 39565
14921 Masterson Avenue, Vancleave, MS, 39565
$260,000
For Sale
$260,000
Duplex is vacant and under renovation, with each unit offering three bedrooms and two bathrooms.
Property Size2,100 SF
Price / SF$123.81
Days on Market121
Property Features for 14921 Masterson Avenue
General Information
- Standard status
- Active
- Size
- 2,100 SF
- Property subtype
- Multi Family
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 Updated: Jul 20 at 5:20PM Checked: Jul 20 at 5:20PM
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 is for sale and currently vacant. The property is under renovation, with completion expected this summer, and is being positioned for leasing after renovations are finished.
The duplex is part of an 11-duplex bundle, and additional duplexes in the bundle are available for purchase individually or as the full package (or partial bundles). Each unit features three bedrooms and two bathrooms.
The offer is also intended for portfolio building in a growing area in Jackson County, positioned north of the interstate and away from flood zones.
The duplex is part of an 11-duplex bundle, and additional duplexes in the bundle are available for purchase individually or as the full package (or partial bundles). Each unit features three bedrooms and two bathrooms.
The offer is also intended for portfolio building in a growing area in Jackson County, positioned north of the interstate and away from flood zones.
Key Highlights
- Duplex is vacant and currently under renovation, with renovations expected to be fully completed this summer
- Each unit offers 3 bedrooms and 2 full bathrooms (4 total full bathrooms, 6 total bedrooms)
- Central electric heating and central air conditioning
Local 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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex is vacant and under renovation, with each unit offering three bedrooms and two bathrooms.
Where is this duplex located?
The property is located at 14921 Masterson Avenue 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 is vacant and currently under renovation, with renovations expected to be fully completed this summer; Each unit offers 3 bedrooms and 2 full bathrooms (4 total full bathrooms, 6 total bedrooms); Central electric heating and central air conditioning
