1311 Father Ryan Ave Biloxi, MS 39530
Exceptional investment opportunity in Biloxi, Mississippi, presents a four-unit multifamily property situated on a 0.59-acre lot at 1311 Father Ryan Avenue, 39530. This Class A property consists of two duplex buildings, each meticulously renovated with hardwood floors, granite countertops, stainless steel appliances, and in-unit washer/dryers. Each unit boasts a private courtyard. The property enjoys a coveted location just one block from Biloxi Beach and a short walk to local restaurants, shopping, entertainment, and casinos. Nestled in a mature, quiet neighborhood featuring historic homes and live oak trees, this property offers a blend of charm and convenience. Currently, all four units are leased on a month-to-month basis, providing flexibility for the new owner. The property's condition and location suggest potential for increased rental income. This is a rare chance to acquire a well-maintained, income-producing multifamily property in a highly desirable coastal location. The asking price is $590,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.