Bay Tower is a 76 unit mid-rise apartment community in Pascagoula, Mississippi and was constructed in 1964. Historically, this was an age restricted property and has stable tenants with potential to capture a new tenant base. Located less than 1/2 mile to the beach and less than 10 minutes to some of Mississippi's major economic drivers. Bollinger and Ingall's Naval Shipyard, Chevron's highest volume refinery in the US, as well as a Rolls Royce facility. Currently occupancy has decreased from market averages, creating an opportunity for attentive management. By continuing to rent units at or above market, the occupancy will increase, thus greatly increasing the return on this property. There is also an opportunity to sign a lease contract with some of the major employers in the area.