3500 Groveland Rd - Apartments FOR SALE


Ocean Springs, MS 39564
$8,000,000 USD
205-516-6107
3500 Groveland Rd, Ocean Springs, MS for Sale
$8,000,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

3500 Groveland Rd
Ocean Springs, MS 39564


HIGHLIGHTS

  • Fully Stabilized Value-Add Opportunity in Ocean Springs, MS

OVERVIEW

Ocean Springs Station is a meticulously designed and well-maintained property featuring high-end amenities that appeal to skilled professionals and affluent tenants. Each residence is thoughtfully appointed with premium finishes, including plush, high-quality carpeting, ceramic tile flooring, granite countertops, stainless steel appliances, and a private patio or balcony. The spacious layouts maximize natural light and provide ample storage, enhancing the overall living experience. The property's carefully curated unit mix—comprising 2- and 3-bedroom apartments as well as 2- and 3-bedroom cottages—further strengthens its appeal and market demand. Situated in the heart of the desirable Ocean Springs community, this location seamlessly blends coastal charm with modern conveniences. Just moments away, the vibrant downtown district offers a dynamic mix of boutique shopping, art galleries, and renowned dining establishments. Residents also enjoy easy access to the waterfront, where they can take scenic strolls along the marina or indulge in premium waterfront dining. In addition to the widespread appeal of Ocean Springs, Ocean Springs Station benefits from a prime location and a thoughtfully designed residential layout that caters perfectly to the area's residents. The city is home to a top-rated school district, making it highly desirable for families—particularly those seeking the spacious 2- and 3-bedroom floor plans offered at this property. Furthermore, the property’s close proximity to Ocean Springs Hospital enhances its attractiveness to high-income medical professionals and healthcare staff seeking convenient, upscale housing. The combination of a strong local economy, top-tier educational institutions, and strategic location further amplifies the property’s value, positioning it as a highly desirable and profitable investment opportunity.

FOR SALE DETAILS

PRICE

$8,000,000 USD

PRICE/SF

$109 USD /SF

# OF UNITS

58

PRICE/UNIT

$137,931

CAP RATE

Request Cap Rate

% LEASED

98%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean Springs Station

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2008

PARKING SPACES

88

LAND DETAILS

LAND ACRES

6.75 AC

LAND SF

294,030 SF

ZONING

-

APN/PARCEL ID

6-01-22-097.130

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.