43 Unit Portfolio

Multi-Family for Sale
Catylist Listing ID: 30573192
Property Subtypes: Duplex/Fourplex
Number of Units: 43 Units
Building Size (RSF): 27,000 SF
Gross Building Area: See Agent
Sale Price: $1,570,000
Unit Price: $36,511.63 Per Unit
Property Use Type: Investment
Building Name: Multiple Addresses
Sale Terms: Cash to Seller
Cap Rate: 9.4%
Last Updated: 10/13/2020

Overview / Comments

- 9.4 Cap Rate on existing income with below market rents
- 96-100% Occupancy
- 7 properties within .5 mile radius
- 43 units total; 18 duplex, 1 triplex, 1 fourplex
- See Attached Offering Memorandum for more information

Attachments & Media

Additional Details

Nearest MSA: Gulfport-Biloxi
County: Stone
Tax ID/APN: 074F -04-024.004
Percent Occupied: 100%
Property Condition: Good
Construction/Siding: Brick, Brick/Vinyl Siding

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 1,741 3,829 3,829
Median Age: 34.88 37.08 37.08
Households: 653 1,280 1,280

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The information presented herein is provided as is, without warranty of any kind. Neither Louisiana Commercial Database, LLC nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.