Blue Water Cove Apartments

Strategically positioned in the heart of the Mississippi Gulf Coast, Blue Water Cove offers residents an exceptional blend of coastal living and everyday convenience. The property sits just minutes from the waterfront, Keesler Air Force Base, the VA Medical Center, and major entertainment hubs like the Beau Rivage and Hard Rock casinos. Biloxi boasts a diverse and stable economic base driven by healthcare, military, tourism, and shipbuilding, ensuring consistent year-round demand for quality workforce housing. Furthermore, seamless connectivity to major thoroughfares like US-90, Pass Road, and Interstate 110 provides residents with premier access to the region's largest employers and retail destinations.Blue Water Cove is an 18-unit multifamily community offering a rare, turnkey investment opportunity in Biloxi, Mississippi. Built in 1999, the garden-style property has recently undergone a comprehensive $315,000 capital improvement program, leaving it well-positioned for immediate operations with minimal deferred maintenance. The renovation strategically reconfigured the floorplans to predominantly two-bedroom layouts (averaging 780 sq. ft.) and fully modernized the interiors with luxury vinyl plank flooring, brand-new appliances, fresh paint, and updated fixtures. Exterior enhancements include all-new vinyl siding, modernized balconies with new railings, and updated HVAC systems. With the heavy lifting already complete, investors can immediately focus on capturing significant revenue upside by stabilizing occupancy and driving organic rent growth.