1625 Martin Bluff Rd Gautier, MS 39553
- Residential income homes
- 22,764 SF
- 9.80 lot acres
Current Use by Public Records
- Giggles Galore Childcare / Day Care Center / School
- Riverbend Condominiums / Condominium Complex
- Freedom in My Movement Inc / Clothing Wholesaler
Property Details for 1625 Martin Bluff Rd
- Year built
- 1970
- Lot size
- 9.80 lot acres
- Property size
- 22,764 SF
- Property type
- Residential income homes
Description
This exceptional 20-unit multifamily investment property, located at 1625 Martin Bluff Rd, Gautier, MS 39553, presents a compelling opportunity for value-add investors. The property comprises 22,764 square feet on a 9.8-acre lot, offering 2 parking spaces per unit. Built in 1970, the property is currently operating at 100% occupancy, generating a Net Operating Income (NOI) of $76,898 and a 6.99% cap rate. The asking price is $1,100,000, or $55,000 per unit, and $59.74 per square foot. Zoned R-2 Single-Family Residential, this well-maintained, low-rise/garden-style property benefits from a homeowner's association (HOA) that covers insurance, water, sewer, and trash, and provides access to a pool and park. Its prime location near Interstate access, downtown Gautier, Ingalls Shipbuilding, and Chevron, coupled with its proximity to Shepard State Park and the Mississippi Sound, ensures strong rental demand. The property offers spacious floor plans and modern amenities, making it an attractive option for renters. This investment presents a strong track record of consistent rental income in a thriving rental market. The property's location in a family-friendly neighborhood with access to quality schools and amenities further enhances its appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gautier
- County
- Jackson
- State
- Mississippi
- Longitude
- -88.6363
- Latitude
- 30.421
