NOT LISTED FOR SALE
8 Beds
4 Baths
4,000 Sq Ft
15,682 Sq Ft Lot

Sale Details

Date Sold: March 1, 2024

2 Days on Market

Highlights

  • 0.36 Acre Lot
  • No HOA
  • Wood Siding
  • Gulfport High School Rated A
  • Balcony
  • Heating Available

About This Home

As of March 2024

Exceptional Investment Opportunity in Gulfport, MS - Modernized Fourplex with Strong Rental Income

Welcome to this outstanding fourplex property, a prime investment opportunity in the heart of Gulfport, MS. Positioned less than a mile from the NCBC base, this property is an investor's dream, boasting an impressive rental income of approximately $4,000 per month.

Diverse Unit Mix & Sophisticated Upgrades: The property consists of four units, each with its own unique charm and appeal. Two units have undergone a complete remodel to high standards, featuring new sheetrock, modern flooring, sleek bathrooms, state-of-the-art appliances, and stylish cabinets. The other two units are partially remodeled, maintaining comfort and efficiency. Further enhancing the value of this property are over $100,000 in upgrades, including brand new mini-splits in all units for optimal climate control and energy efficiency.

Distinctive Exterior & Utilities: The building showcases a durable and attractive brick veneer exterior, adding to its classic appeal. Each unit has its own separated electrical meter, facilitating easy utility management and billing.

Proven Rental Performance & Ideal Location: This fourplex not only has a great rental history but also shows excellent performance on Airbnb, providing a versatile rental strategy for potential higher income and occupancy rates. Its location, being less than a mile from the NCBC base, is highly advantageous, offering tenants proximity to local amenities, shopping, dining, and entertainment options.

Turnkey Investment for Investors: In excellent condition and ideal for holding, this building represents a turnkey investment. Minimal maintenance requirements make it a hassle-free addition to any investment portfolio. The property's desirability is further boosted by its location and the diverse rental options it presents.

This multifamily property is a rare find in Gulfport, MS, offering investors a chance to acquire a well-maintained, income-generating asset with significant upside potential. It's perfect for those seeking a balance of immediate cash flow and long-term

Last Agent to Sell the Property

Andrew Harwell

Trifecta Real Estate, LLC License #S59841 Listed on: 01/25/2024

Last Buyer's Agent

Andrew Harwell

Trifecta Real Estate, LLC License #S59841 Listed on: 01/25/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,078

Year Built

  • Built in 1988

Lot Details

  • 0.36

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Architectural Shingle Roof
  • Wood Siding

Interior Spaces

  • 4,000 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Ductless Heating Or Cooling System
  • Heating Available
  • Cable TV Available

Additional Features

  • Balcony
  • 15,682 Sq Ft Lot

Community Details

  • No Home Owners Association
  • 4 Units
  • Metes And Bounds Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0810m-04-004.004

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,078

Year Built

Built in 1988

Lot Details

0.36 Acres

Listing Details

  • Unit Levels: Two
  • Prop. Type: Residential Income
  • Structure Type: Quadruplex
  • Year Built: 1988
  • Lot Size Acres: 0.36
  • Subdivision Name: Metes And Bounds
  • New Construction: No
  • General Property Information:List PriceSqFt: 74.75
  • General Property Information:New Construction: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Full Bathrooms: 4
  • Total Bedrooms: 8
  • Furnished: No
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Balcony
  • Foundation Details: Slab
  • Roof: Architectural Shingles
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: Brick Veneer, Wood Siding
  • General Property Information:Accessibility Features: No
  • Exterior Features:Balcony: Yes
  • Waterfront Features:None7: Yes

Garage/Parking

  • Parking Features: Concrete
  • Attached Garage: No
  • Parking Features:Concrete3: Yes

Utilities

  • Cooling: Ductless
  • Heating: Ductless, Electric
  • Sewer: Public Sewer
  • Utilities: Cable Available, Electricity Connected, Water Available
  • Water Source: Public
  • Heating:Electric2: Yes
  • Heating:Ductless2: Yes

Association/Amenities

  • Tax and Financial Information:Association: No

Lot Info

  • Parcel #: 0810m-04-004.004
  • Lot Size Sq Ft: 15681.6
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3078.0
  • Tax Year: 2022

Multi Family

  • Number Of Units Total: 4
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/01/2024 03/01/24 Sold -- -- --
01/28/2024 01/28/24 Pending -- -- --
01/25/2024 01/25/24 For Sale $299,000 +70.9% $75 / Sq Ft
11/30/2021 11/30/21 Sold -- -- -- View Prior Sale
09/22/2021 09/22/21 Pending -- -- --
09/21/2021 09/21/21 For Sale $175,000 -- $59 / Sq Ft
Source: MLS United

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,143 $16,238 $0 $0
2024 $2,040 $15,459 $0 $0
2023 $2,127 $15,723 $0 $0
2022 $3,078 $22,755 $0 $0
2021 $2,416 $17,860 $0 $0
2020 $1,689 $12,483 $0 $0
2019 $1,689 $12,483 $0 $0
2018 $1,537 $11,360 $0 $0
2017 $1,537 $11,360 $0 $0
2015 $1,772 $13,096 $0 $0
2014 -- $14,476 $0 $0
2013 -- $13,096 $2,070 $11,026
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MLS United

MLS Number: 4068937

MLS United
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