1028 45Th Ave Gulfport, MS 39501
- Small apartment buildings
- 31,752 SF
- 2.36 lot acres
Current Use by Public Records
- Small apartment buildings
Property Details for 1028 45Th Ave
- Lot size
- 2.36 lot acres
- Property size
- 31,752 SF
- Property type
- Small apartment buildings
Description
This exceptional investment opportunity in Gulfport, Mississippi, presents a portfolio of eight parcels totaling 2.36 acres and encompassing 55 apartment units, two residential houses, and two commercial lots. Strategically located near Broad Avenue, Memorial Hospital, casinos, and the beach, this property benefits from a prime location with high demand. The apartment units average approximately $550 in monthly rent, boasting a strong occupancy rate of roughly 90%. Two units are currently furnished and operate as short-term vacation rentals, offering additional income streams. The property's proximity to major employers like Memorial Hospital and the casinos ensures consistent tenant demand. The total square footage is 31,752 square feet. Parcel numbers include: 0711J-04-019.000, 0711J-01-018.000, 0711J-01-017.000, 0711J-01-020.000, 0711J-02-014.000, 0711J-02-004.000, 0711J-02-005.000, and 0711J-02-003.000. The asking price for this substantial portfolio is $2,850,000. Financial details are available upon request and should be independently verified by the buyer.
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
- Gulfport
- County
- Harrison
- State
- Mississippi
- Longitude
- -89.1155587
- Latitude
- 30.3649158
