Turnkey Triplex Income
444 Klondyke Road Long Beach, MS 39560
444 Klondyke Road, Long Beach, MS, 39560
$269,900
For Sale
$269,900
Fully leased 3-unit property with newer HVAC, offering a turnkey setup and private entrances for each tenant.
Property Size2,010 SF
Price / SF$134.28
Days on Market73
Property Features for 444 Klondyke Road
General Information
- Standard status
- Active
- Size
- 2,010 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1970
Listing agency
Coldwell Banker Alfonso Realty-Lorraine Rd
(228) 860-0082
Listed by
Philip J Leblanc · License #S30047
(228) 860-0082
Source
Compass
Added: May 10 Updated: Jul 10 at 1:52PM Checked: Jul 21 at 6:10AM
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 Coldwell Banker Alfonso Realty-Lorraine Rd
Investment Insights
Based on property information with market context.
This turnkey 3-unit income property features a main residence plus two rear apartments, all currently leased. Unit A is a 3-bedroom, 2-bath home with hardwood, tile, and brick floors, granite countertops, stainless steel appliances, a two-car garage, and a private fenced yard. The two additional units are 2-bedroom, 1-bath apartments located at the rear of the property, each with a private garage and a separate driveway for tenant privacy and individual entry.
Located in Long Beach, Mississippi, the property is described as minutes from the Gulf of Mexico beaches and a short drive to the Pass Road gate of the Navy Seabee Base. The remarks also note convenient access to Highway 90 and Interstate 10. The offering is stated to be not in a flood zone.
With all three units leased and newer HVAC systems in place throughout, this is positioned as a hands-off, low-vacancy setup from day one. The configuration provides separate garages and driveways for the two rear units, while Unit A includes a fenced yard and two-car garage. Gross monthly income is stated as $2,895, with the property described as cash flowing at the listed price. Buyer should verify all information, including lease terms, rental amounts, square footage, flood zone status, and school assignments.
Located in Long Beach, Mississippi, the property is described as minutes from the Gulf of Mexico beaches and a short drive to the Pass Road gate of the Navy Seabee Base. The remarks also note convenient access to Highway 90 and Interstate 10. The offering is stated to be not in a flood zone.
With all three units leased and newer HVAC systems in place throughout, this is positioned as a hands-off, low-vacancy setup from day one. The configuration provides separate garages and driveways for the two rear units, while Unit A includes a fenced yard and two-car garage. Gross monthly income is stated as $2,895, with the property described as cash flowing at the listed price. Buyer should verify all information, including lease terms, rental amounts, square footage, flood zone status, and school assignments.
Key Highlights
- Fully leased 3‑unit income property with gross monthly income of $2,895 and an 8.45% cap rate at list price.
- Unit A: 3‑bedroom/2‑bath home with hardwood/tile/brick floors, granite countertops, stainless appliances, two‑car garage, and private fenced yard.
- Two rear apartments: each 2‑bedroom/1‑bath with private garages and a separate driveway for tenant access.
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 | $19.5k | $9.72 |
| − Vacancy | −$1.5k | −$0.73 |
| EGI | $18.1k | $8.99 |
| − OpEx | −$5.4k | −$2.70 |
| NOI | $12.7k | $6.29 |
2,010 SF · lease $9.72/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$180.7K
$158.1K – $210.8K
NOI $12,650 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$160.6K
$140.5K – $187.4K
NOI $11,241 @ 7.0% cap · market cap 4.16%
Theoretical Best
Healthcare Medical
$323.8K
$283.3K – $377.8K
NOI $22,667 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
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FAQs
What type of property is this?
Triplex - Fully leased 3-unit property with newer HVAC, offering a turnkey setup and private entrances for each tenant.
Where is this triplex located?
The property is located at 444 Klondyke Road Long Beach, MS.
What is the asking price?
The asking price for this property is $269,900.
What are key features of this property?
This property features: Fully leased 3‑unit income property with gross monthly income of $2,895 and an 8.45% cap rate at list price.; Unit A: 3‑bedroom/2‑bath home with hardwood/tile/brick floors, granite countertops, stainless appliances, two‑car garage, and private fenced yard.; Two rear apartments: each 2‑bedroom/1‑bath with private garages and a separate driveway for tenant access.
