8121 Eldorado Avenue, Biloxi, MS 39532
$575,000
Property Type:
Res Income Multi-Fam
Square Footage:
10,500
Status:
Closed
Current Price:
$600,000
List Date:
8/14/2018
Last Modified:
11/15/2024
Description
Great opportunity for rental income. 10 fully occupied units. All 2 bed/ 1.5 baths at $650/mo each. Built in 2010/original owner. Tenant pays all utilities except grinder pump station. Located off of Cook Road and less than 2 miles from The Promenade Shopping Center. See attached Cook Road Corridor Project info.
More Information MLS# 3337581
Address and Location Information
Parcel Number: 0-51-04-127.050
N or S of I-10: N
N or S of CSX Railroad Track: N
Street Number: 8121
Street Name: Eldorado
Street Suffix: Avenue
County: Jackson
State: MS
Zip Code: 39532
Subdivision: Cimarron Park
General Property Information
# of Units Included in Sale: 10
SqFt Source: Owner
List Price/SqFt: 57.14
Year Built Source: Public Records
Approx H/C SqFt: 10500
Year Built: 2010
Tax and Financial Information
Tax Annual Amount: 11755
Zoning: Res High Density
Flood Insurance Required?: No
Legal Description: PT LOTS 83 & 84 CIMARRON PARK S/D DESC AS: BEG NEC LT 83 S ALGW/M EL DORODO ST 65'S 89* W 107'N 65' TO NWC LT 83 N 89* E
Remarks & Miscellaneous
Public Remarks: Great opportunity for rental income. 10 fully occupied units. All 2 bed/ 1.5 baths at $650/mo each. Built in 2010/original owner. Tenant pays all utilities except grinder pump station. Located off of Cook Road and less than 2 miles from The Promenade Shopping Center. See attached Cook Road Corridor Project info.
Status Change Info
Appraised SqFt: 10500
Sold Price/SqFt: 54.76
Contract Date/Pending Date: 2018-08-22
Closing Date: 2018-10-26
Income & Expenses
Annual Net Income: 53902
Gross Operating Income: 78000
Additional Type Details
Apartment Complex: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Owner Pays
Other: 1
See Remarks: 1
Tenant Pays
All Utilities: 1
Walls - Interior
Paneling: 1
Sheetrock: 1
Flooring
Carpet: 1
Laminate: 1
Cooling
Central Air: 1
Electric: 1
Heating
Central: 1
Electric: 1
Foundation Details
Slab: 1
Exterior Construction/Siding
Brick Veneer: 1
Siding: 1
Other: 1
Parking Features
Assigned: 1
Water Heater
40 Gallons or Less: 1
Approx Age Code
Under 10 Years: 1
Lease Term
12 Months: 1
Unit 1
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Rent: 650
Unit 2
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Rent: 650
Unit 3
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Rent: 650
Unit 4
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Rent: 650
Unit 5
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Rent: 650
Unit 6
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Rent: 650
Unit 7
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Rent: 650
Unit 8
Bedrooms: 2
Full Baths: 1
Half Baths: 1
Rent: 650
Listing Information
Status: Closed
List Date: 2018-08-13
List Price: $600,000
Current Price: $575,000
Property Features
Additional Type Details: Apartment Complex
Owner Pays: Other; See Remarks
Tenant Pays: All Utilities
Walls - Interior: Paneling; Sheetrock
Flooring: Carpet; Laminate
Cooling: Central Air; Electric
Heating: Central; Electric
Sewer: Public Sewer
Water Source: Public
Foundation Details: Slab
Parking Features: Assigned
Water Heater: 40 Gallons or Less
Lease Term: 12 Months
Approx Age Code: Under 10 Years
Document ›
Listing Office:
Busch Realty Group, LLC
Listing Agent:
Wilson Kahlmus
Last Updated: November - 15 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.