705 26th 1/2 St - Apartments FOR SALE


Gulfport, MS 39501
$450,000 USD
225-235-3094
705 26th 1/2 St, Gulfport, MS for Sale
$450,000 USD
Apartments - FOR SALE
1/9
null | 12.44% Cap Rate

705 26th 1/2 St
Gulfport, MS 39501


HIGHLIGHTS

  • New Roofs and HVAC Units
  • Not in a Flood Zone

OVERVIEW

Turnkey Investment Opportunity: 12-Unit Multifamily Property Discover this outstanding investment opportunity; 12-unit multifamily property located near downtown Gulfport. This apartment complex offers stable cash flow, long-term tenants, and significant upside potential for savvy investors. This apartment complex encompasses two tax parcels: 705 and 707 26th 1/2 Street Key Highlights:. • Steady Income: Proven rental history with reliable tenants in place • Well-Maintained Property: All roofs and HVAC systems replaced in 2021. Three apartments renovated in 2024. One apartment renovated in 2025. Exterior of all buildings painted in 2023. • Value-Add Potential: Opportunity to enhance unit interiors, increase rents, or explore utility reimbursement strategies for even greater returns. Whether you’re a seasoned investor or looking to expand your portfolio, this multifamily property delivers consistent income today with potential for growth tomorrow. Don’t miss your chance to acquire a cash-flowing asset. Additional Information: Property Taxes: $4361 Insurance (February 1, 2025 Renewal): $10,430 Landscaping $170/month Utilities (Electricity, Water, Trash): Average for last 12 months $2000/month Gross Rents with 100% Occupancy at Current Rents : $8805 per month For more details, contact us today.

FOR SALE DETAILS

PRICE

$450,000 USD

PRICE/SF

$76 USD /SF

# OF UNITS

12

PRICE/UNIT

$37,500

CAP RATE

12.44%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

705 and 707 26th 1/2 Street

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,153 SF

ZONING

-

APN/PARCEL ID

0911D-01-057.000

ASK ABOUT THIS PROPERTY

Barry RoggeRogge Capital Group, LLCMore Info
225-235-3094

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Barry RoggeRogge Capital Group, LLCMore Info
225-235-3094

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