4409 Mcarthur Street

Investors opportunity!! This Multi-Family property is centrally located in the Biloxi-Gulfport-Pascagoula Metro Market.​ Easy access to Hwy 90 and Interstate 10.​ Once the site of 5 apartment buildings, there is only one building left on site.​ The parking and footprint of the former buildings can easily be seen and you could add 4/5 buildings.​ Lots of growth potential in a market with a need for additional housing.​ Jackson County, MS is witnessing incredible economic growth much due to the Blue Economy.​ Pascagoula is home to the state's largest private, single-site employer, Ingalls Shipbuilding, owned by Huntington Ingalls Industries.​ Other major industries include the largest Chevron refinery in the world; Rolls-Royce Naval Marine, specializing in U.​S.​ Navy ship propulsion; and First Chemical/Chemours.​ The Port of Pascagoula, is a full-service deep water port with modern facilities for handling cargo from around the world.​ The Port's two harbors include a combination of public and private terminals handling in excess of 32 million tons of cargo through the channel annually.​ The Port is the largest seaport in Mississippi, and ranks nationally in the top 20 ports in foreign cargo volume.​The upside to this property is with moderate investments to update and rehab of units, there's great upside in getting occupancy up and room to raise the rents as well.​ Annual Gross income for rented property valued at $7140.​ Apartment situated over pre-existing laundry facility which serviced original apartment complex.​