$299,000
$299,000
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2804 34th Avenue #D Gulfport, MS 39501
8 Beds
4 Baths
4,000 SqFt
Key Details
Sold Price $299,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $74
Subdivision Metes And Bounds
MLS Listing ID 4068937
Sold Date 03/01/24
Bedrooms 8
Full Baths 4
Originating Board MLS United
Year Built 1988
Annual Tax Amount $3,078
Lot Size 0.360 Acres
Acres 0.36
Property Description
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
Location
State MS
County Harrison
Interior
Heating Ductless, Electric
Cooling Ductless
Furnishings No
Exterior
Exterior Feature Balcony
Garage Concrete
Utilities Available Cable Available, Electricity Connected, Water Available
Waterfront No
Waterfront Description None
Roof Type Architectural Shingles
Parking Type Concrete
Garage No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Two
Structure Type Balcony
New Construction No
Others
Tax ID 0810m-04-004.004
Acceptable Financing 1031 Exchange, Cash, Conventional, Other
Listing Terms 1031 Exchange, Cash, Conventional, Other
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Information is deemed to be reliable but not guaranteed. Copyright © 2024 MLS United, LLC.