120 Balmoral Avenue, Biloxi, MS 39531 (MLS# 3322011)

120 Balmoral Avenue, Biloxi, MS 39531

$325,000

Virtual Tour

http://www.propertypanorama.com/instaview/mgc/322011

Property Type: Res Income Multi-Fam Square Footage: 5,960 Lot Size (sq. ft.): 39,640 Status: Closed

Current Price: $450,000 List Date: 1/20/2018 Last Modified: 11/15/2024

Description

This property is located in prestigious Edgewater Park, a heritage neighborhood just north of Hwy 90 and the beach. Midway between downtown Biloxi and downtown Gulfport, it sits a half block east of Edgewater Mall.The listed price is for the Inn. However the 4-bedroom, 2-bath home (MLS #322039) adjacent can be sold together with the Inn, if desired. The original owners residence was expanded to provide an additional bedroom and bath as well as a spacious office to accommodate guests at the Inn. The Inn consists of 10 fully furnished units with 2 entrances to each; an entry on the south side (facing beach)and an entry on north side (facing the pool/courtyard). All infrastructure in the Inn was re-done in 2006, following Hurricane Katrina, including the roof, floors, some walls windows, doors, electrical, plumbing, water heaters, T-1 phone and internet, cable wiring and HVAC.|\n|Property includes extra furniture, bedding bedspreads, linens, towels, supplies, 10X40 36,000 gal fiberglass-lined in ground pool along with equipment, accessories and chemicals; outbuildings with contents (sheds, gazebo with gas grill); Craftsman riding mower, various power tools, office furniture, computer records and card processing equipment.|\n|

More Information MLS# 3322011

Address and Location Information

Parcel Number: 1110n-01-002.001 Directions to Property: Hwy 90 to North on Edgewater Dr. |\r||\n| Right on Marshall. The front of the Inn faces Marshall. N or S of I-10: S N or S of CSX Railroad Track: S Street Number: 120 Street Name: Balmoral Street Suffix: Avenue County: Harrison State: MS Zip Code: 39531 Subdivision: Edgewater Park

General Property Information

New Construction: No # of Units Included in Sale: 10 Approx Lot Size Acres: 0.91 Lot Size Dimensions: 27,020 SqFt Source: Public Records List Price/SqFt: 75.5 Year Built Source: Public Records Furnished: Yes Pool: Yes Complex Name: 10 Unit Rooms Approx H/C SqFt: 5960 Year Built: 1958

Tax and Financial Information

Tax Annual Amount: 8423 Zoning: Multiple Family Residential Flood Insurance Required?: No Legal Description: DR: 0387/0402 06/13/2002- -APTS- BEG N NAR MARSHALL RD & E R/W BALMORAL AVE E 305 FT TO E LINE OF LOT 4 N 106 FT W 200 F

Remarks & Miscellaneous

Public Remarks: This property is located in prestigious Edgewater Park, a heritage neighborhood just north of Hwy 90 and the beach. Midway between downtown Biloxi and downtown Gulfport, it sits a half block east of Edgewater Mall.The listed price is for the Inn. However the 4-bedroom, 2-bath home (MLS #322039) adjacent can be sold together with the Inn, if desired. The original owners residence was expanded to provide an additional bedroom and bath as well as a spacious office to accommodate guests at the Inn. The Inn consists of 10 fully furnished units with 2 entrances to each; an entry on the south side (facing beach)and an entry on north side (facing the pool/courtyard). All infrastructure in the Inn was re-done in 2006, following Hurricane Katrina, including the roof, floors, some walls windows, doors, electrical, plumbing, water heaters, T-1 phone and internet, cable wiring and HVAC.|\n|Property includes extra furniture, bedding bedspreads, linens, towels, supplies, 10X40 36,000 gal fiberglass-lined in ground pool along with equipment, accessories and chemicals; outbuildings with contents (sheds, gazebo with gas grill); Craftsman riding mower, various power tools, office furniture, computer records and card processing equipment.|\n|

Status Change Info

Appraised SqFt: 5820 Sold Price/SqFt: 54.53 Contract Date/Pending Date: 2018-02-22 Closing Date: 2018-03-06

Structure Type

Lowrise 1-2 Floors: 1

Income & Expenses

Annual Net Income: 42910 Gross Operating Income: 160608

Sewer

Public Sewer: 1

Water Source

Public: 1

Listing Terms

Cash: 1 Conventional: 1

Waterfront Features

Waterfront: Yes Beach Access: 1 Other: 1 See Remarks: 1

Interior Features

Storage: 1

Owner Pays

All Utilities: 1 Cable TV: 1 Cooling: 1 Electricity: 1 Grounds Care: 1 Heating: 1 Insurance: 1 Repairs: 1 Sewer: 1 Taxes: 1 Trash Collection: 1 Water: 1

Furnished

Furnished: 1

Appliances

Refrigerator: 1

Walls - Interior

Other: 1 See Remarks: 1

Flooring

Ceramic Tile: 1 Vinyl: 1

Window Features

Drapes: 1

Laundry Features

Common Area: 1

Cooling

Wall Unit(s): 1 Other: 1 See Remarks: 1

Heating

Other: 1 See Remarks: 1

Foundation Details

Slab: 1

Exterior Construction/Siding

Block: 1

Parking Features

Other: 1 See Remarks: 1

Community Features

Pool: 1 Shopping Nearby: 1

Water Heater

Over 40 Gallons: 1 Two or More: 1

Approx Age Code

Older Home 25+ Years: 1

Parking Spaces

1 Space Unit: 1

Lease Term

Other: 1 See Remarks: 1