Duplex with Bonus
New
For Sale
$399,900
321 Lac Bleu Ave, Pass Christian, MS 39571
An open kitchen and living area features a 5 ft island, with additional living space upstairs.
Property Size2,800 SF
Price / SF$142.82
Days on Market2
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Property Features for 321 Lac Bleu Ave
General Information
Standard status
Active
Size
2,800 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Amenities
private patio
Building Details
Year Built
2010
Buildings
1
Listing Agency:
Hope Realty, LLC
Listed By:
John Gomez
(228) 697-5479
Source:
Coasthomesms
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:10AM
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 Hope Realty, LLC
Investment Insights
Based on property information with market context.
This duplex, built in 2010, has an open kitchen and living area centered around a 5 ft island. The layout places one bedroom and bathroom on the main level, with two more bedrooms and a bonus room upstairs. The bonus room opens to a private patio, and luxury vinyl plank flooring runs throughout. Views of Blue Lake are another feature of the property.
Pass Christian High School is within walking distance. Shopping, dining, entertainment, and the beach are described as a short drive away, placing those destinations within reach from the property.
Pass Christian High School is within walking distance. Shopping, dining, entertainment, and the beach are described as a short drive away, placing those destinations within reach from the property.
Key Highlights
- Three bedrooms, with one on the main level and two upstairs
- Upstairs bonus room opens onto a private patio
- Open kitchen and living area includes a 5 ft island
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,622
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,440
$352.4K
Cap Rate 7%
$251,743
$251.7K
Cap Rate 9%
$195,800
$195.8K
Market Conditions
NOI Build-Up for 2,800 SF
Gross rent
$27.2K $9.72/SF
− Vacancy
−$2.0K −$0.73/SF
EGI
$25.2K $8.99/SF
− OpEx
−$7.6K −$2.70/SF
NOI
$17.6K $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%
$352,440
Cap Rate 7%
$251,743
Cap Rate 9%
$195,800
Alternative Uses
Best Use
Multifamily LT 5
$251.7K
$220.3K – $293.7K
NOI $17,622 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$223.7K
$195.7K – $261.0K
NOI $15,658 @ 7.0% cap · market cap 3.92%
Theoretical Best
Healthcare Medical
$451.1K
$394.7K – $526.3K
NOI $31,576 @ 7.0% cap · market cap 7.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
Explore this area
Business Placement
Demographics for 39571, MS
14,892
Population
6,790
Households
2.2
Avg Household Size
44
Median Age
33%
College-Educated
92%
High-School Grad
86.0 sq mi
ZIP Area
173
Density / Sq Mi
$64,469
Median Household Income
$41,696
Median Earnings
$1,004
Median Rent
$233,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - An open kitchen and living area features a 5 ft island, with additional living space upstairs.
Where is this duplex located?
The property is located at 321 Lac Bleu Ave Pass Christian, MS.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: Three bedrooms, with one on the main level and two upstairs; Upstairs bonus room opens onto a private patio; Open kitchen and living area includes a 5 ft island
