2804 34th Avenue, D, Gulfport, MS 39501 (MLS# 4068937)

2804 34th Avenue, D, Gulfport, MS 39501

$279,000

Property Type: Res Income Multi-Fam Bedrooms: 8 Square Footage: 4,000 Lot Size (sq. ft.): 15,682 Status: Closed

Current Price: $279,000 List Date: 1/25/2024 Last Modified: 11/15/2024

Overview

Description

Exceptional Investment Opportunity in Gulfport, MS - Modernized Fourplex with Strong Rental Income Welcome to this outstanding fourplex property, a prime investment opportunity in the heart of Gulfport, MS. Positioned less than a mile from the NCBC base, this property is an investor's dream, boasting an impressive rental income of approximately $4,000 per month. Diverse Unit Mix & Sophisticated Upgrades: The property consists of four units, each with its own unique charm and appeal. Two units have undergone a complete remodel to high standards, featuring new sheetrock, modern flooring, sleek bathrooms, state-of-the-art appliances, and stylish cabinets. The other two units are partially remodeled, maintaining comfort and efficiency. Further enhancing the value of this property are over $100,000 in upgrades, including brand new mini-splits in all units for optimal climate control and energy efficiency. Distinctive Exterior & Utilities: The building showcases a durable and attrac ... (Read more) Exceptional Investment Opportunity in Gulfport, MS - Modernized Fourplex with Strong Rental Income Welcome to this outstanding fourplex property, a prime investment opportunity in the heart of Gulfport, MS. Positioned less than a mile from the NCBC base, this property is an investor's dream, boasting an impressive rental income of approximately $4,000 per month. Diverse Unit Mix & Sophisticated Upgrades: The property consists of four units, each with its own unique charm and appeal. Two units have undergone a complete remodel to high standards, featuring new sheetrock, modern flooring, sleek bathrooms, state-of-the-art appliances, and stylish cabinets. The other two units are partially remodeled, maintaining comfort and efficiency. Further enhancing the value of this property are over $100,000 in upgrades, including brand new mini-splits in all units for optimal climate control and energy efficiency. Distinctive Exterior & Utilities: The building showcases a durable and attractive brick veneer exterior, adding to its classic appeal. Each unit has its own separated electrical meter, facilitating easy utility management and billing. Proven Rental Performance & Ideal Location: This fourplex not only has a great rental history but also shows excellent performance on Airbnb, providing a versatile rental strategy for potential higher income and occupancy rates. Its location, being less than a mile from the NCBC base, is highly advantageous, offering tenants proximity to local amenities, shopping, dining, and entertainment options. Turnkey Investment for Investors: In excellent condition and ideal for holding, this building represents a turnkey investment. Minimal maintenance requirements make it a hassle-free addition to any investment portfolio. The property's desirability is further boosted by its location and the diverse rental options it presents. This multifamily property is a rare find in Gulfport, MS, offering investors a chance to acquire a well-maintained, income-generating asset with significant upside potential. It's perfect for those seeking a balance of immediate cash flow and long-term

Listing Details MLS# 4068937

General Property Information

# of Units Included in Sale: 4
Approx Lot Size Acres: 0.36
Approx H/C SqFt: 4000
SqFt Source: Owner
List Price/SqFt: 74.75
Year Built: 1988
Year Built Source: Public Records
Total Floors: 2
Bedrooms Total: 8
Bathrooms Full: 4
Furnished: No
Accessibility Features: No
New Construction: No
Property Condition: Updated/Remodeled
Bathrooms Half: 0
Bathrooms Three Quarter: 0

Property Features

Structure Type: Quadruplex Levels: Two Cooling: Ductless Heating: Ductless; Electric Utilities: Cable Available; Electricity Connected; Water Available Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: 1031 Exchange; Cash; Conventional; Other Roof: Architectural Shingles Exterior Features: Balcony Parking Features: Concrete Waterfront Features: None

Address and Location Information

Street Number: 2804
Street Name: 34th
Street Suffix: Avenue
County: Harrison
State: MS
Zip Code: 39501
Unit #: D
Parcel Number: 0810m-04-004.004
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: 3078
Tax Year: 2022
Homestead Y/N: No
Additional Exemptions Y/N: No
Flood Insurance Required?: No
Leasehold Y/N: No
Association: No
Covenants Y/N: No
Legal Description: BEG 545.4 FT N & 272.5 FT E OF INT ER OF N MAR OF 28TH ST & E MAR OF 3 4TH AVE N 104.5 FT E 145.8 FT S 104 .5 W 145.5 FT TO POB PART OF SW1/4 OF SW1/4 OF SEC 33-7-11

Status Change Info

Contract Date/Pending Date: 2024-01-28
Closing Date: 2024-03-01
Appraised SqFt: 3259
Sold Price/SqFt: 69.75

More Information

Showing Requirements

Showing: Appointment Required
Lockbox Location: Front Door

Remarks & Miscellaneous

Public Remarks: Exceptional Investment Opportunity in Gulfport, MS - Modernized Fourplex with Strong Rental Income Welcome to this outstanding fourplex property, a prime investment opportunity in the heart of Gulfport, MS. Positioned less than a mile from the NCBC base, this property is an investor's dream, boasting an impressive rental income of approximately $4,000 per month. Diverse Unit Mix & Sophisticated Upgrades: The property consists of four units, each with its own unique charm and appeal. Two units have undergone a complete remodel to high standards, featuring new sheetrock, modern flooring, sleek bathrooms, state-of-the-art appliances, and stylish cabinets. The other two units are partially remodeled, maintaining comfort and efficiency. Further enhancing the value of this property are over $100,000 in upgrades, including brand new mini-splits in all units for optimal climate control and energy efficiency. Distinctive Exterior & Utilities: The building showcases a durable and attractive brick veneer exterior, adding to its classic appeal. Each unit has its own separated electrical meter, facilitating easy utility management and billing. Proven Rental Performance & Ideal Location: This fourplex not only has a great rental history but also shows excellent performance on Airbnb, providing a versatile rental strategy for potential higher income and occupancy rates. Its location, being less than a mile from the NCBC base, is highly advantageous, offering tenants proximity to local amenities, shopping, dining, and entertainment options. Turnkey Investment for Investors: In excellent condition and ideal for holding, this building represents a turnkey investment. Minimal maintenance requirements make it a hassle-free addition to any investment portfolio. The property's desirability is further boosted by its location and the diverse rental options it presents. This multifamily property is a rare find in Gulfport, MS, offering investors a chance to acquire a well-maintained, income-generating asset with significant upside potential. It's perfect for those seeking a balance of immediate cash flow and long-term

Structure Type

Quadruplex: Yes

Levels

Two: Yes

Sewer

Public Sewer: Yes

Water Source

Public: Yes

Listing Terms

1031 Exchange: Yes
Cash: Yes
Conventional: Yes
Other: Yes

Waterfront Features

None: Yes

Utilities

Cable Available: Yes
Electricity Connected: Yes
Water Available: Yes

Cooling

Ductless: Yes

Heating

Ductless: Yes
Electric: Yes

Foundation Details

Slab: Yes

Exterior Construction/Siding

Brick Veneer: Yes
Wood Siding: Yes

Roof

Architectural Shingles: Yes

Exterior Features

Balcony: Yes

Parking Features

Concrete: Yes

Listing Office: Trifecta Real Estate, LLC

Listing Agent: Andrew Harwell

Last Updated: November - 15 - 2024

2804 34th Avenue, D, Gulfport, MS 39501 (MLS# 4068937)