7720 Fountainbleau Road, Ocean Springs, MS 39564 (MLS# 4000767)

7720 Fountainbleau Road, Ocean Springs, MS 39564

$460,000

Property Type: Res Income Multi-Fam Bedrooms: 9 Square Footage: 2,964 Lot Size (sq. ft.): 76,666 Status: Closed

Current Price: $460,000 List Date: 11/24/2021 Last Modified: 11/15/2024

Overview

Description

$$$ INCOME PRODUCING MULTI-FAMILY PROPERTY $$$ -Featuring 2,964 sq. ft 4 bedroom 2 full bath home with inground POOL and 4-unit apartment building on a beautifully shaded 1.76 acre lot. This property is currently bringing in $4,700/mo of passive income with a projection of $5,300+ per month with some minor upgrades to 3 of the 4 apartment units (one unit has already been renovated). The single family home has also recently been renovated with a brand new roof (Sept 2021), granite counter tops, new fixtures, fresh paint, new floors in sunroom, new pool liner (Aug 2021) & much more!! Home also features an open kitchen, 2 separate living areas, wood floors, fireplace, sunroom, entertainment room, inside laundry/utility room, and wet bar/pantry area. The 4 bedroom home is being rented on a 1 year lease for $2,500/mo. 3 of the apartments are being rented month-to-month for $500/mo and the 4th unit is $700/mo. The 4-plex apartment has a brand new deck, staircase, all new exterior ... (Read more)

Listing Details MLS# 4000767

General Property Information

# of Units Included in Sale: 5
Approx Lot Size Acres: 1.76
Lot Size Dimensions: 183 x 412 x 181 x 420
Approx H/C SqFt: 2964
SqFt Source: Public Records
List Price/SqFt: 165.99
Year Built: 1971
Year Built Source: Public Records
Total Floors: 2
Bedrooms Total: 9
Bathrooms Full: 6
Furnished: No
Pool: Yes
School District: Ocean Springs Dist
Elementary School: Magnolia Park
Elementary School 2: Pecan Park
Middle or Junior School: Ocean Springs Jh
High School: Ocean Springs
Accessibility Features: No
New Construction: No
Property Condition: Updated/Remodeled
Bathrooms Half: 0
Bathrooms Three Quarter: 0

Property Features

Structure Type: See Remarks Additional Type Details: Apartments - 5 or Fewer Architectural Style: Ranch Lot Features: Fenced; Front Yard; Landscaped; Many Trees; Rectangular Lot Levels: Two Owner Pays: Grounds Care; Insurance; Taxes; Trash Collection; Water Tenant Pays: Cable TV; Electricity Interior Features: Built-in Features; Ceiling Fan(s); Eat-in Kitchen; Entrance Foyer; Granite Counters; Kitchen Island; Natural Woodwork; Pantry; Stone Counters; Wet Bar Special Purpose Rooms: Florida Room; Formal Dining Room; Kitchen/Dining Combo; Living/Dining Combo; Recreation/Play Room; Sitting Room; Sunroom Kitchen Features: Granite Counters; Kitchen Island; Kitchen/Family Room Combo; Walk-in Pantry Bathroom Features: Ceramic Tile; Double Vanity; Separate Tub & Shower; Two Primary Baths; Walk-In Shower; Whirlpool Tub Fireplace Features: Den; Electric Appliances: Built-In Electric Oven; Dishwasher; Double Oven; Electric Cooktop; Range Hood; Refrigerator; Stainless Steel Appliance(s) Walls - Interior: Sheetrock; Wood Flooring: Vinyl; Wood Window Features: Window Treatments Door Features: Dead Bolt Lock(s); French Doors Cooling: Ceiling Fan(s); Central Air; Electric Heating: Central; Electric Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Sewer: Septic Tank; Shared Septic Water Source: Shared Well Foundation Details: Slab Listing Terms: Cash; Conventional Roof: Architectural Shingles Exterior Features: Balcony; Private Yard Patio And Porch Features: Front Porch; Porch; Slab Fencing: Back Yard; Chain Link; Wood Driveway Features: Gravel Drive Parking Features: Common; Concrete; Guest; Parking Pad; Paved; Shared Driveway Other Structures: Second Residence; Shed(s); Storage; Workshop Community Features: Room for Expansion Pool Features: In Ground; Outdoor Pool; Vinyl Water Heater: 40 Gallons or Less; Electric; Two or More Lease Term: Month To Month; 12 Months Disclosures: Investment Approx Age Code: Older Home 25+ Years Parking Spaces: 3+ Space Unit Available Documents: Pro Forma Unit 1 Appliances: Range; Refrigerator Unit 2 Appliances: Range; Refrigerator Unit 3 Appliances: Range; Refrigerator Unit 4 Appliances: Range; Refrigerator Unit 5 Appliances: Countertop Range; Dishwasher; Refrigerator; Water Heater - Electric

Address and Location Information

Street Number: 7720
Street Name: Fountainbleau
Street Suffix: Road
County: Jackson
State: MS
Zip Code: 39564
Parcel Number: 0-31-01-035.045
Subdivision: Metes And Bounds
N or S of I-10: S
N or S of CSX Railroad Track: S

Listing Information

Listing Service: Full Service

Tax and Financial Information

Tax Annual Amount: 4185
Tax Year: 2020
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 SEC LOT 5 ATKINSON & LEE N 427' W 180' S 427' TO NORTH MRGN BELLE FOUNTAINE RD E 180' TO POB DB 1359-482 DB 1359-485 (13 MAP881.01)

Status Change Info

Contract Date/Pending Date: 2021-12-27
Closing Date: 2021-12-30
Sold Price/SqFt: 155.2

More Information

Waterfront Features

Waterfront: No

Horse Amenities

Horse Amenities: No

Showing Requirements

Showing: Appointment Required
Appointment Phone: 228-236-5691

Attic Features

Attic: Yes

Basement Features

Basement: No

Parking Spaces

# Parking Spaces Uncovered: 12
3+ Space Unit: Yes

Unit 1

Full Baths: Yes
Rent: 700
Furnished: No
Leased: Yes
Occupied: Yes
Description: Recently renovated

Unit 2

Full Baths: Yes
Rent: 500
Furnished: No
Leased: Yes
Occupied: Yes

Unit 3

Full Baths: Yes
Rent: 500
Furnished: No
Leased: Yes
Occupied: Yes

Unit 4

Full Baths: Yes
Rent: 500
Furnished: No
Leased: Yes
Occupied: Yes

Unit 5

Full Baths: 2
Rent: 2500
Furnished: No
Leased: Yes
Occupied: Yes
Description: Single Family Home

Remarks & Miscellaneous

Public Remarks: $$$ INCOME PRODUCING MULTI-FAMILY PROPERTY $$$ -Featuring 2,964 sq. ft 4 bedroom 2 full bath home with inground POOL and 4-unit apartment building on a beautifully shaded 1.76 acre lot. This property is currently bringing in $4,700/mo of passive income with a projection of $5,300+ per month with some minor upgrades to 3 of the 4 apartment units (one unit has already been renovated). The single family home has also recently been renovated with a brand new roof (Sept 2021), granite counter tops, new fixtures, fresh paint, new floors in sunroom, new pool liner (Aug 2021) & much more!! Home also features an open kitchen, 2 separate living areas, wood floors, fireplace, sunroom, entertainment room, inside laundry/utility room, and wet bar/pantry area. The 4 bedroom home is being rented on a 1 year lease for $2,500/mo. 3 of the apartments are being rented month-to-month for $500/mo and the 4th unit is $700/mo. The 4-plex apartment has a brand new deck, staircase, all new exterior doors and blinds as well as new vinyl siding. There is plenty of parking for all tenants & guests. Private wood fenced yard for 4 bed home and large fenced yard for apartments.

Structure Type

See Remarks: Yes

Architectural Style

Ranch: Yes

Lot Features

Fenced: Yes
Front Yard: Yes
Landscaped: Yes
Many Trees: Yes
Rectangular Lot: Yes

Additional Type Details

Apartments - 5 or Fewer: Yes

Levels

Two: Yes

Sewer

Septic Tank: Yes
Shared Septic: Yes

Water Source

Shared Well: Yes

Listing Terms

Cash: Yes
Conventional: Yes

Interior Features

Built-in Features: Yes
Ceiling Fan(s): Yes
Eat-in Kitchen: Yes
Entrance Foyer: Yes
Granite Counters: Yes
Kitchen Island: Yes
Natural Woodwork: Yes
Pantry: Yes
Stone Counters: Yes
Wet Bar: Yes

Utilities

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

Owner Pays

Grounds Care: Yes
Insurance: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Special Purpose Rooms

Florida Room: Yes
Formal Dining Room: Yes
Kitchen/Dining Combo: Yes
Living/Dining Combo: Yes
Recreation/Play Room: Yes
Sitting Room: Yes
Sunroom: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes

Kitchen Features

Granite Counters: Yes
Kitchen Island: Yes
Kitchen/Family Room Combo: Yes
Walk-in Pantry: Yes

Bathroom Features

Ceramic Tile: Yes
Double Vanity: Yes
Separate Tub & Shower: Yes
Two Primary Baths: Yes
Walk-In Shower: Yes
Whirlpool Tub: Yes

Fireplace Features

Den: Yes
Electric: Yes

Appliances

Built-In Electric Oven: Yes
Dishwasher: Yes
Double Oven: Yes
Electric Cooktop: Yes
Range Hood: Yes
Refrigerator: Yes
Stainless Steel Appliance(s): Yes

Walls - Interior

Sheetrock: Yes
Wood: Yes

Flooring

Vinyl: Yes
Wood: Yes

Window Features

Window Treatments: Yes

Door Features

Dead Bolt Lock(s): Yes
French Doors: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes
Electric: Yes

Heating

Central: Yes
Electric: Yes

Foundation Details

Slab: Yes

Exterior Construction/Siding

Brick: Yes
Siding: Yes

Roof

Architectural Shingles: Yes

Exterior Features

Balcony: Yes
Private Yard: Yes

Patio And Porch Features

Front Porch: Yes
Porch: Yes
Slab: Yes

Fencing

Back Yard: Yes
Chain Link: Yes
Wood: Yes

Driveway Features

Gravel Drive: Yes

Parking Features

Common: Yes
Concrete: Yes
Guest: Yes
Parking Pad: Yes
Paved: Yes
Shared Driveway: Yes

Other Structures

Second Residence: Yes
Shed(s): Yes
Storage: Yes
Workshop: Yes

Community Features

Room for Expansion: Yes

Pool Features

In Ground: Yes
Outdoor Pool: Yes
Vinyl: Yes

Water Heater

40 Gallons or Less: Yes
Electric: Yes
Two or More: Yes

Available Documents

Pro Forma: Yes

Disclosures

Investment: Yes

Approx Age Code

Older Home 25+ Years: Yes

Uncovered Parking?

1-25 Spaces: Yes

Lease Term

Month To Month: Yes
12 Months: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 4 Appliances

Range: Yes
Refrigerator: Yes

Unit 5 Appliances

Countertop Range: Yes
Dishwasher: Yes
Refrigerator: Yes
Water Heater - Electric: Yes

Listing Office: Expect Realty

Listing Agent: Erin L Valencia Jermyn

Last Updated: November - 15 - 2024