Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Long Beach Duplex Investment Opportunity Title is generated by Realmo AI

    20017 Sunshine Drive, Long Beach, MS 39560

    View on Map
    Claim this Listing
    For Sale
    $210,000

    MULTI_FAMILY - Long Beach, MS

    Property size:
    2,000 SF
    Lot size:
    0.24 Acres
    Price / SF:
    $105/SF
    Added:
    Feb 11, 2026
    Days on Market:
    95
    Last Refresh:
    May 17 at 9:06 am

    Property Features for 20017 Sunshine Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    2
    Rooms
    Bedroom 3, Bedroom 5, Bathroom 2, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2
    Standard status
    Active
    APN
    0511h-03-016.008
    Size
    2,000 SF
    Lot size
    0.24 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    LOT 9 AZALEA PARK SUBD
    Tax Annual Amount
    1653

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1991
    Floors in Building
    1
    Number of units
    2
    Roof type
    Shingle

    We can help!

    Listing Contact
    Laken Scarborough
    Laken Scarborough

    Listing agent Laken Scarborough License #S54848

    Listing office Ellis Realty 259 Scenic Drive, Bay St. Louis, MS

    Listing date Feb 11, 2026

    MLS# 4139182 Listing URL

    Copyright © 2026 MLS United. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex offers two separate living units, ideal for rental income or owner‑occupancy.
    • Located in desirable Long Beach, Mississippi, close to schools, parks, shopping, dining, and Gulf Coast beaches.
    • Features a total of 6 bedrooms and 2 bathrooms, providing flexibility and strong rent‑up potential.
    • Well‑maintained property built in 1991.
    • Each unit boasts generous living space and functional layouts.
    • Public water and sewer connections.

    Overview

    Located in Long Beach, Mississippi, the property at 20017 Sunshine Drive presents an investment opportunity. This well-maintained duplex contains two living units. Each unit features a functional layout. The property includes a total of 6 bedrooms and 2 bathrooms. The location provides access to local schools, parks, shopping, dining, and Gulf Coast beaches. The lot size is 0.24 acres, and the property size is 2000 square feet.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $139.9K
    NOI $12,587 @ 9.00% cap · cautious / downside scenario
    Moderate
    $179.8K
    NOI $12,587 @ 7.00% cap · market / base-case scenario
    Aggressive
    $251.7K
    NOI $12,587 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $19.4k $9.72
    − Vacancy −$1.5k −$0.73
    EGI $18.0k $8.99
    − OpEx −$5.4k −$2.70
    NOI $12.6k $6.29
    2,000 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $179.8K
    $157.3K – $209.8K (±1% cap)
    NOI $12,587 @ 7.0% cap · market cap 5.99%
    Second Best
    Apartment 5plus
    $159.8K
    $139.8K – $186.4K (±1% cap)
    NOI $11,185 @ 7.0% cap · market cap 5.33%
    Theoretical Best
    Healthcare Medical
    $322.2K
    $281.9K – $375.9K (±1% cap)
    NOI $22,554 @ 7.0% cap · market cap 10.74%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    Harrison
    State
    Mississippi
    Longitude
    -89.176864
    Latitude
    30.373884

    Nearby Similar for Sale

    • $925,000
      10,764 SF

      Versatile Commercial Property in Long Beach

      10,764 SF mixed-use property on 3+ acres near schools.
      4277 Espy Avenue, Long Beach, MS 39560
      View Details
    • $299,900
      2,997 SF

      Commercial Building on One-Acre Lot

      Well-maintained commercial building on a spacious one-acre lot.
      644 E Railroad Street, Long Beach, MS 39560
      View Details
    • $298,000
      5,000 SF

      Long Beach Commercial Investment Opportunity

      High-visibility commercial property with immediate cash flow and income stability.
      520 E Railroad Street, Long Beach, MS 39560
      View Details
    • $189,900
      1,476 SF

      Long Beach Commercial Opportunity

      Versatile property in the heart of Long Beach.
      612 N Wright Avenue, Long Beach, MS 39560
      View Details
    • $12,140,000
      60,000 SF

      Long Beach Commercial Property

      Commercial property for sale in Long Beach, Mississippi.
      5098 A Avenue, Long Beach, MS 39560
      View Details
    • $632,000
      4,028 SF

      Income-Producing Five-Unit Complex

      Five-unit complex near the beach with strong rental income.
      406 Russell Avenue, Unit 5, Long Beach, MS 39560
      View Details
    • $259,000

      Turnkey Hair Salon Opportunity

      Fully operational hair salon for sale with all equipment.
      415 Old Pass Road Long Beach, MS 39560
      View Details
    • $42,500

      Long Beach Commercial Property For Sale

      Commercial property available in Long Beach, Mississippi.
      205 2nd Avenue, Long Beach, MS 39560
      View Details
    • $8,500,000
      78,700 SF

      Long Beach Multifamily Investment Opportunity

      Multifamily property with amenities in desirable Long Beach location.
      203 N Cleveland Ave, Long Beach, MS 39560
      View Details

    FAQs

    What type of property is this?
    Duplex - Well-maintained Long Beach duplex with strong rental income potential.
    Where is this duplex located?
    The property is located at 20017 Sunshine Drive Long Beach, MS.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: Duplex offers two separate living units, ideal for rental income or owner‑occupancy.; Located in desirable Long Beach, Mississippi, close to schools, parks, shopping, dining, and Gulf Coast beaches.; Features a total of 6 bedrooms and 2 bathrooms, providing flexibility and strong rent‑up potential.
    (228) 669-5485
    We can help!
    Listing Contact
    Laken Scarborough
    Laken Scarborough
    Real Estate License ID: S54848
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    20017 Sunshine Drive, Long Beach, MS 39560
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!