11350 New Orleans Ave - Apartments FOR SALE


Gulfport, MS 39503
$3,200,000 USD
205-516-6107
11350 New Orleans Ave, Gulfport, MS for Sale
$3,200,000 USD
Apartments - FOR SALE
1/7
null | Request Cap Rate

11350 New Orleans Ave
Gulfport, MS 39503


HIGHLIGHTS

  • 33,600 SF building with 36 units
  • Multifamily/Low-Rise/Garden investor-friendly
  • Proximity to amenities and transportation

OVERVIEW

The Quarters is a 36 unit, never before traded, multifamily asset located on the Mississippi Gulf Coast in the city of Gulfport. This property is an excellent opportunity for investors to acquire a cash flowing asset, with plenty of growth potential. Discover an exceptional opportunity for multifamily investor interested in the growing Gulfport community! This impressive property was built in 2010 and features 6 single-story walk up building, 33,600 ft² of rental space on 2.87 Acres. Situated in the impressive Orange Grove area, the property boasts a remarkable 96% occupancy rate, reflecting strong tenant demand and stability. With its desirable location, 2 and 3 Bed unit mix, and unique features, this investment presents an ideal choice for investors in this area.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

36

PRICE/UNIT

$88,889

CAP RATE

Request Cap Rate

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Quarters Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2010

PARKING SPACES

46

LAND DETAILS

LAND ACRES

2.87 AC

LAND SF

125,017 SF

ZONING

-

APN/PARCEL ID

0808L-05-001.000

ASK ABOUT THIS PROPERTY

Jason HydeSVN | AVAT Realty, LLCMore Info
205-516-6107

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Jason HydeSVN | AVAT Realty, LLCMore Info
205-516-6107

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.