2524 28th Street, Gulfport, MS 39501

$590,007
Property Type: Res Income Multi-Fam Bedrooms: 14 Square Footage: 12,960 Lot Size (sq. ft.): 21,344 Status: Closed
Current Price: $590,007 List Date: 2/07/2023 Last Modified: 11/15/2024

Overview

Description

This unique 14 unit multifamily property includes 4 studio units and 10 one bedroom units. The property has historically operated at approximately 95% with an average unit monthly rental rate of $645. The property includes a small coin operated laundry mat.

Listing Details MLS# 4039044

General Property Information

# of Units Included in Sale
14
Approx Lot Size Acres
0.49
Approx H/C SqFt
12960
SqFt Source
Assessor
List Price/SqFt
44.37
Year Built
1940
Year Built Source
Assessor
Total Floors
Yes
Bedrooms Total
14
Bathrooms Full
14
Furnished
No
Accessibility Features
No
New Construction
No
Bathrooms Half
0
Bathrooms Three Quarter
0

Property Features

Structure Type: Cluster Additional Type Details: Apartment Complex Lot Features: Corner Lot Levels: One Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Taxes; Trash Collection; Water Tenant Pays: Cable TV; Electricity; Gas Cooling: Window Unit(s) Heating: Other Utilities: See Remarks Sewer: See Remarks Water Source: Public Foundation Details: Pillar/Post/Pier Listing Terms: 1031 Exchange; Cash; Conventional; See Remarks Roof: Shingle Exterior Features: See Remarks Parking Features: On Site

Address and Location Information

Street Number
2524
Street Name
28th
Street Suffix
Street
County
Harrison
State
MS
Zip Code
39501
Parcel Number
0810n-04-063.000
Subdivision
Metes And Bounds
N or S of I-10
S
N or S of CSX Railroad Track
N

Listing Information

Listing Service
Full Service

Tax and Financial Information

Tax Annual Amount
4103
Tax Year
2021
Homestead Y/N
No
Additional Exemptions Y/N
No
Flood Insurance Required?
Subject to Survey
Leasehold Y/N
No
Association
No
Covenants Y/N
No
Legal Description
DOBBS, EARLINE H. -DC- LOTS 9 & 10 BLK. 24 STANDARD LAND

Status Change Info

Contract Date/Pending Date
2023-02-20
Closing Date
2023-07-21
Appraised SqFt
Yes
Sold Price/SqFt
45.53

More Information

Waterfront Features

Waterfront
No

Showing Requirements

Showing
Appointment Required

Remarks & Miscellaneous

Public Remarks
This unique 14 unit multifamily property includes 4 studio units and 10 one bedroom units. The property has historically operated at approximately 95% with an average unit monthly rental rate of $645. The property includes a small coin operated laundry mat.

Structure Type

Cluster
Yes

Income & Expenses

Annual Net Income
52548
Gross Operating Income
108360
Total Operating Expenses
50394
Vacancy Factor
5%

Lot Features

Corner Lot
Yes

Additional Type Details

Apartment Complex
Yes

Levels

One
Yes

Sewer

See Remarks
Yes

Water Source

Public
Yes

Listing Terms

1031 Exchange
Yes
Cash
Yes
Conventional
Yes
See Remarks
Yes

Utilities

See Remarks
Yes

Owner Pays

Exterior Maintenance
Yes
Grounds Care
Yes
Insurance
Yes
Sewer
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Gas
Yes

Cooling

Window Unit(s)
Yes

Heating

Other
Yes

Foundation Details

Pillar/Post/Pier
Yes

Exterior Construction/Siding

Siding
Yes

Roof

Shingle
Yes

Exterior Features

See Remarks
Yes

Parking Features

On Site
Yes
Listing Office: Boddie Real Estate, LLC
Listing Agent: Nathan V Boddie
Source MLS Verified
Last Updated: November - 15 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.