1106 32nd Avenue, Gulfport, MS 39501
$400,000
Property Type:
Res Income Multi-Fam
Square Footage:
4,420
Status:
Closed
Current Price:
$445,000
List Date:
11/13/2019
Last Modified:
11/15/2024
Description
This well constructed four unit building is in the heart of the action in downtown Gulfport and closely located to major employers. The building recently underwent major improvements in 2018 and is fully leased with quality tenants. Being offered below replacement cost and located in a designated Opportunity Zone with the ability to raise rents, this is the perfect next investment. Owner holds r/e license. Please do not walk on property or talk with tenants. Call with questions or for more information.
More Information MLS# 3355588
Address and Location Information
Parcel Number: 0811l-03-021.100
N or S of I-10: S
N or S of CSX Railroad Track: S
Street Number: 1106
Street Name: 32nd
Street Suffix: Avenue
County: Harrison
State: MS
Zip Code: 39501
Subdivision: Original Gulfport
General Property Information
# of Units Included in Sale: 4
SqFt Source: Builder
List Price/SqFt: 100.67
Year Built Source: Builder
Approx H/C SqFt: 4420
Year Built: 2009
Tax and Financial Information
Tax Annual Amount: 3859
Flood Insurance Required?: No
Legal Description: LOTS 15 & 16 & S 14.2 FT OF LOT 17 INC BLK 199 ORIGINAL GULFPORT SEC 9-8-11
Remarks & Miscellaneous
Public Remarks: This well constructed four unit building is in the heart of the action in downtown Gulfport and closely located to major employers. The building recently underwent major improvements in 2018 and is fully leased with quality tenants. Being offered below replacement cost and located in a designated Opportunity Zone with the ability to raise rents, this is the perfect next investment. Owner holds r/e license. Please do not walk on property or talk with tenants. Call with questions or for more information.
Status Change Info
Appraised SqFt: 4420
Sold Price/SqFt: 90.5
Contract Date/Pending Date: 2019-12-03
Closing Date: 2020-01-06
Structure Type
Quadruplex: 1
Income & Expenses
Annual Net Income: 39463
Gross Operating Income: 48300
Sewer
Public Sewer: 1
Water Source
Public: 1
Separate Meters: 1
See Remarks: 1
Listing Terms
Cash: 1
Conventional: 1
Waterfront Features
Waterfront: Yes
Beach Access: 1
View: 1
Owner Pays
Grounds Care: 1
Insurance: 1
Taxes: 1
Tenant Pays
All Utilities: 1
Appliances
Dishwasher: 1
Oven: 1
Range: 1
Refrigerator: 1
Walls - Interior
Sheetrock: 1
Flooring
Vinyl: 1
Laundry Features
Washer Hookup: 1
Other: 1
Cooling
Central Air: 1
Electric: 1
Heating
Electric: 1
Foundation Details
Slab: 1
Exterior Construction/Siding
Other: 1
See Remarks: 1
Parking Features
On Street: 1
Parking Lot: 1
Community Features
Schools Nearby: 1
Shopping Nearby: 1
Other: 1
Water Heater
Electric: 1
Available Documents
Marketing Package: 1
Pro Forma: 1
Lease Term
Other: 1
See Remarks: 1
Unit 1
Bedrooms: 3
Full Baths: 2
Rent: 1000
Furnished: No
Description: Unit A
Unit 2
Bedrooms: 3
Full Baths: 2
Rent: 1000
Furnished: No
Description: Unit B
Unit 3
Bedrooms: 3
Full Baths: 2
Rent: 975
Furnished: No
Description: Unit C
Unit 4
Bedrooms: 3
Full Baths: 2
Rent: 1050
Furnished: No
Description: Unit D
Listing Information
Status: Closed
List Date: 2019-11-13
List Price: $445,000
Current Price: $400,000
Property Features
Structure Type: Quadruplex
Owner Pays: Grounds Care; Insurance; Taxes
Tenant Pays: All Utilities
Appliances: Dishwasher; Oven; Range; Refrigerator
Walls - Interior: Sheetrock
Flooring: Vinyl
Laundry Features: Washer Hookup; Other
Cooling: Central Air; Electric
Heating: Electric
Sewer: Public Sewer
Water Source: Public; Separate Meters; See Remarks
Foundation Details: Slab
Listing Terms: Cash; Conventional
Parking Features: On Street; Parking Lot
Community Features: Schools Nearby; Shopping Nearby; Other
Waterfront Features: Beach Access; View
Water Heater: Electric
Lease Term: Other; See Remarks
Available Documents: Marketing Package; Pro Forma
Documents
Document ›
Listing Office:
Moran
Listing Agent:
Jeff M Young
Last Updated: November - 15 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.