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:
$492,000
List Date:
11/24/2021
Last Modified:
11/15/2024
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 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.
More Information MLS# 4000767
Address and Location Information
Parcel Number: 0-31-01-035.045
N or S of I-10: S
N or S of CSX Railroad Track: S
Street Number: 7720
Street Name: Fountainbleau
Street Suffix: Road
County: Jackson
State: MS
Zip Code: 39564
Subdivision: Metes And Bounds
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2021-10-16
List Price: $492,000
Current Price: $460,000
General Property Information
New Construction: No
Property Condition: Updated/Remodeled
# of Units Included in Sale: 5
Approx Lot Size Acres: 1.76
Lot Size Dimensions: 183 x 412 x 181 x 420
SqFt Source: Public Records
List Price/SqFt: 165.99
Year Built Source: Public Records
Total Floors: 2
Bathrooms Half: 0
Bathrooms Three Quarter: 0
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
Approx H/C SqFt: 2964
Year Built: 1971
Bedrooms Total: 9
Bathrooms Full: 6
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)
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.
Status Change Info
Sold Price/SqFt: 155.2
Contract Date/Pending Date: 2021-12-27
Closing Date: 2021-12-30
Structure Type
See Remarks: 1
Architectural Style
Ranch: 1
Lot Features
Fenced: 1
Front Yard: 1
Landscaped: 1
Many Trees: 1
Rectangular Lot: 1
Additional Type Details
Apartments - 5 or Fewer: 1
Levels
Two: 1
Sewer
Septic Tank: 1
Shared Septic: 1
Water Source
Shared Well: 1
Listing Terms
Cash: 1
Conventional: 1
Waterfront Features
Waterfront: No
Showing Requirements
Showing: Appointment Required
Appointment Phone: 228-236-5691
Interior Features
Built-in Features: 1
Ceiling Fan(s): 1
Eat-in Kitchen: 1
Entrance Foyer: 1
Granite Counters: 1
Kitchen Island: 1
Natural Woodwork: 1
Pantry: 1
Stone Counters: 1
Wet Bar: 1
Utilities
Cable Available: 1
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Owner Pays
Grounds Care: 1
Insurance: 1
Taxes: 1
Trash Collection: 1
Water: 1
Special Purpose Rooms
Florida Room: 1
Formal Dining Room: 1
Kitchen/Dining Combo: 1
Living/Dining Combo: 1
Recreation/Play Room: 1
Sitting Room: 1
Sunroom: 1
Tenant Pays
Cable TV: 1
Electricity: 1
Kitchen Features
Granite Counters: 1
Kitchen Island: 1
Kitchen/Family Room Combo: 1
Walk-in Pantry: 1
Bathroom Features
Ceramic Tile: 1
Double Vanity: 1
Separate Tub & Shower: 1
Two Primary Baths: 1
Walk-In Shower: 1
Whirlpool Tub: 1
Fireplace Features
Den: 1
Electric: 1
Appliances
Built-In Electric Oven: 1
Dishwasher: 1
Double Oven: 1
Electric Cooktop: 1
Range Hood: 1
Refrigerator: 1
Stainless Steel Appliance(s): 1
Walls - Interior
Sheetrock: 1
Wood: 1
Flooring
Vinyl: 1
Wood: 1
Window Features
Window Treatments: 1
Door Features
Dead Bolt Lock(s): 1
French Doors: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Electric: 1
Heating
Central: 1
Electric: 1
Foundation Details
Slab: 1
Exterior Construction/Siding
Brick: 1
Siding: 1
Roof
Architectural Shingles: 1
Exterior Features
Balcony: 1
Private Yard: 1
Patio And Porch Features
Front Porch: 1
Porch: 1
Slab: 1
Fencing
Back Yard: 1
Chain Link: 1
Wood: 1
Driveway Features
Gravel Drive: 1
Parking Features
Common: 1
Concrete: 1
Guest: 1
Parking Pad: 1
Paved: 1
Shared Driveway: 1
Other Structures
Second Residence: 1
Shed(s): 1
Storage: 1
Workshop: 1
Community Features
Room for Expansion: 1
Pool Features
In Ground: 1
Outdoor Pool: 1
Vinyl: 1
Horse Amenities
Horse Amenities: No
Attic Features
Attic: Yes
Basement Features
Basement: No
Water Heater
40 Gallons or Less: 1
Electric: 1
Two or More: 1
Available Documents
Pro Forma: 1
Disclosures
Investment: 1
Approx Age Code
Older Home 25+ Years: 1
Parking Spaces
# Parking Spaces Uncovered: 12
3+ Space Unit: 1
Uncovered Parking?
1-25 Spaces: 1
Lease Term
Month To Month: 1
12 Months: 1
Unit 1
Bedrooms: 1
Full Baths: 1
Rent: 700
Furnished: No
Leased: Yes
Occupied: Yes
Description: Recently renovated
Unit 1 Appliances
Range: 1
Refrigerator: 1
Unit 2
Bedrooms: 1
Full Baths: 1
Rent: 500
Furnished: No
Leased: Yes
Occupied: Yes
Unit 2 Appliances
Range: 1
Refrigerator: 1
Unit 3
Bedrooms: 1
Full Baths: 1
Rent: 500
Furnished: No
Leased: Yes
Occupied: Yes
Unit 3 Appliances
Range: 1
Refrigerator: 1
Unit 4
Bedrooms: 2
Full Baths: 1
Rent: 500
Furnished: No
Leased: Yes
Occupied: Yes
Unit 4 Appliances
Range: 1
Refrigerator: 1
Unit 5
Bedrooms: 4
Full Baths: 2
Rent: 2500
Furnished: No
Leased: Yes
Occupied: Yes
Description: Single Family Home
Unit 5 Appliances
Countertop Range: 1
Dishwasher: 1
Refrigerator: 1
Water Heater - Electric: 1
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
Listing Office:
Expect Realty
Listing Agent:
Erin L Valencia Jermyn
Last Updated: November - 15 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.