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DUPLEX FOR SALE (with other off-market properties available)
DUPLEX FOR SALE
Listing Contacts
Active
Asking Price: $199,500
Address
2005 S 8th St, Ocean Springs, MS 39564
Show on MapDate Added
Mar 19, 2024
Days on Market
364 days
Time Since Last Update
18 days
Details
Property TypeMultifamily
SubtypeSingle Family Rental Portfolio
Investment TypeValue Add
Investment Sub TypeMulti-Family / Duplex
ClassB
Square Footage1,767
Net Rentable (sq ft)1,767
Price/Sq Ft$112.90
Cap Rate8.02%
Pro-Forma Cap Rate10.03%
Occupancy100%
Occupancy Date08/31/2024
NOI$16,000
Pro-Forma NOI$20,000
Units2
Year Built2006
Buildings1
Stories1
ZoningResidential
Lot Size (acres)0.26
APN0-54-05-583.000
Price/Unit$99,750
Marketing Description
PRICE DROP - MOTIVATED SELLER!! Income Producing Duplex located in Gulf Park Estates, a family friendly and well sought after neighborhood. Quick access to all of Ocean Springs Public Schools and approximately one mile from the Lake Mars Boat Launch. Value -add opportunity with lower than average rents. VIDEO: https://youtu.be/lEg8T_0zx_E
For more info: http://kbushcommercial.com/2005S8th
From Bienville Blvd / Hwy 90, go south on Hanley, west on Spanish Trail, south onto Beachview, east onto Elm Ave, south onto South 8th. Property located on the west side of South 8th.
Ocean Springs, known as the City of Discovery by locals and visitors alike, this historic coastal town is the perfect place to relax and enjoy a whole host of experiences. A quaint, cottage Main Street community nestled amongst centuries-old live oaks on the scenic shore of Coastal Mississippi, Ocean Springs boasts a rich history, artistic flair, lush landscape and small town appeal.
Valuation Calculator
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$16,000.00
$1,333.33/mo
Valuation Metrics
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0
DSCR
8.02%
Cap Rate
8.02%
ROI
Property History
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Due Diligence
Listing Contacts
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