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    OFF-MARKET
    Small apartment buildings

    265 Crawford St, Biloxi, MS 39530

    0.7 ac lot Built 2012
    Property ID
    US50-0156206
    Property summary
    AI-generated overview

    Exceptional investment opportunity in Biloxi, Mississippi, presents a 16-unit multifamily property ideally situated just blocks from the beach, Harrah's Casino, Golden Nugget, Hard Rock, and Palace Casino, along with numerous shopping, dining, and entertainment options. This remarkable property comprises four quadplex buildings, each boasting its own parcel, simplifying potential future subdivision and sale. Constructed in 2012, the property features 16 units, each a two-bedroom, one-bathroom apartment with a kitchen, living room, and private terrace. Convenient washer and dryer hookups are included in each unit. The property sits on a 0.7-acre lot zoned R3, offering ample yard space for residents. Currently operating at 100% occupancy as of January 12, 2023, this property presents a strong cash flow potential. The asking price is $1,100,000. The property is being sold "as is," and the address is 265 Crawford Street, Biloxi, MS 39530. The property's convenient location and high occupancy rate make it an attractive investment opportunity. Each building is two stories high. The property's APN is 1410h-06-011.000. Directions: Take I-110 South, then exit 1D for Bayview Ave. Keep left, continuing to Bayview Ave E (becoming Backbay Blvd.), then turn right onto Crawford Street.

    Property profile
    Verified
    Property type Small apartment buildings
    Year built 2012
    Lot 0.7 ac (30,492 SF)
    APN 1410h-06-011.000
    UPID US50-0156206
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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