10473 Gorenflo RdD'Iberville, MS 39540
- Residential income properties
Property Details for 10473 Gorenflo Rd
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
Description
This exceptional 40-unit Class A apartment building in D'Iberville, Mississippi, presents a compelling investment opportunity. Located near Interstate 10 and a thriving retail area, this three-story building boasts 100% occupancy. The property features a diverse rental mix, including long-term, short-term, and military temporary duty (TDY) rentals, maximizing income potential. Its R-4 zoning allows for flexibility in tenant selection and lease terms. The strategic location near Interstate 110 provides high visibility and accessibility, with nearly 80,000 vehicles passing daily. The property's proximity to a wide array of amenities, including retail, dining, healthcare, and educational institutions, enhances its appeal to residents. With a current asking price of $8,900,000, representing $220,000 per unit, and a 7.80% cap rate, this fully leased property offers immediate cash flow and significant long-term growth potential in a rapidly developing market. The property's strong performance and diverse tenant base make it an attractive investment for those seeking stable returns and appreciation in a prime Mississippi Gulf Coast location. The building's success is further evidenced by a waiting list for available units. This is a rare opportunity to acquire a high-performing, fully leased multifamily asset in a dynamic growth area. The property is zoned R-4 Multifamily Diwict, allowing for a variety of rental options.
Location Insight
- City
- D'Iberville
- County
- Harrison
- State
- Mississippi
- Latitude
- 30.4419
- Longitude
- -88.8876
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].