Property details

Gulfport Beach Apartments For Sale, Southeast Region

Property Description

Located in an Income Tax Free State!     

Gulfport Beach Apartments For Sale

10.06% CAP RATE BY 2018

This type of deal does not come around often.

Insane location and amazing upside

We expect this property to move immediately!

Contact us now before it's too late!

Beautiful waterfront beach apartments for sale!

Amazing location and below market rents gives buyer opportunity to increase cap rate to over 10% by 2018 without spending on improvements!

Low rents giving buyer immediate ability to increase NOI!

Located the transient zone- the only zoning that allows for Air BNB and VBRO(vacation beach rentals)!

Units in great condition!

Covered parking for all tenants, monthly fee is added to rent. This produces extra income for the new owner!

Details
No. Units: 4
Property Sub-type: Garden/Low-Rise
No. Stories: 2
Year Built: 1920
Lot Size: 0.08 AC






Images

Request property package

Highlights

Status:
Available
Price:
$519,000
 

Property Information

Property Type:
Apartments
Industry Type:
Apartment - Multifamily
Units/Spaces:
4
Year Built:
1920
Land Area:
0.08 acres
Purchase Tenure:
Fee Simple
 

Existing financing information

N/A

The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.