1704 21St AveGulfport, MS 39501
72-Unit Apartment Building, Value-Add Opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 117
Highlights
- 75% LTV and interest-only financing available.
- Waters Mark Apartments, a well-maintained property with a strong operational history, is offered for sale exclusively by Marcus & Millichap in Gulfport, MS.
- Excellent location: less than 0.5 miles from high-traffic US Hwy 90 & US Hwy 49, and 4 miles from I-10, providing easy access to the Gulfport-Biloxi MSA. Also, 0.5 miles from beach access.
- Well-maintained property with recent roof replacements (2021) and market-standard finishes.
- Strong occupancy and potential for significant rental rate increases ($34,000 annual revenue upside). Current rents: $775 (1BR), $875 (2BR).
- Stable cash flow in a growing market.
Property Details for 1704 21St Ave
- Property type
- Apartment buildings
- Class
- B
- Year Built/Renovated
- 1955/2005
- Buildings
- 19
- Stories
- 2
- Lot Size (sq. ft)
- 123,710 SF
- Units
- 72
Location Insight
- City
- Gulfport
- County
- Harrison
- State
- Mississippi
- Latitude
- 30.3721492
- Longitude
- -89.086864
Nearby Similar for Sale
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