Contacts
SVN | AVAT Realty
Property Details
- Property Type Multi-Family
- Property Size 29,800 SF
- Units 44
- Lot Size 0.91 Acre
- Building Class B
- Year Built 1960
- Year Renovated 2025
- Date Updated May 15, 2026
Reach out to the broker for more info on lease terms and amenities
Highlights
- 100% Occupied with Immediate Cash Flow: The property is fully stabilized and cash-flowing on day one, reflecting strong tenant demand in this coastal market.
- Continued Upside & Rent Growth: Even as a stabilized asset, new ownership has a clear path to force additional yield by pushing current effective rents to market asking rents, and capturing projected organic rent growth of approximately 3% annually.
- Massive Local Economic Drivers: The asset sits within a resilient market backed by monumental employers, including Ingalls Shipbuilding (11,000+ employees and massive ongoing Navy contracts) and Keesler Air Force Base (6,500+ personnel).
- Strategic Coastal Lifestyle Appeal: Located just a half-mile from Biloxi Beach, the property offers residents walkability to the beachfront and easy access to coastal amenities without the premium pricing of newer, high-end coastal developments.
- Turnkey, Fully Renovated Asset: A comprehensive 2025 studs-out renovation drastically limits deferred maintenance and capital expenditure needs, providing a reliable foundation for consistent performance.
Getting around
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48/100
Walk Score ®
-
47/100
Bike Score ®
Location
- City Biloxi, MS
- Zip Code 39531
Points of Interest
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Biloxi (opens February 2025)
3.60 miles
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Gulfport (opens February 2025)
8.75 miles
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Shell
0.32 miles
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Circle K
0.94 miles
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Clark's
1.49 miles
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Texaco
2.98 miles
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Walmart
3.28 miles
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Tesla Supercharger
5.59 miles
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Vietnamese Martyrs Catholic Church
4.99 miles
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Palace Casino Parking Garage
5.52 miles
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IVCR Employee parking
9.03 miles
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Trailhead Parking
9.39 miles
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Super 8
0.19 miles
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Treasure Bay Casino and Hotel
0.25 miles
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Days Inn by Wyndham Biloxi Beach
0.52 miles
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Flamingo Inn
0.62 miles
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South Beach
0.69 miles
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Star Inn
0.71 miles
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Holiday Inn Express
0.85 miles
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Quality Inn Biloxi Beach
1.57 miles
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Motel 6
1.82 miles
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White House Hotel
2.46 miles
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Walmart Neighborhood Market
0.67 miles
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Belk
2.24 miles
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Dillard's
2.32 miles
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JCPenney
2.33 miles
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Walmart Supercenter
2.58 miles
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Main Exchange
2.64 miles
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Commissary
2.71 miles
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Winn-Dixie
4.37 miles
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Kohl's
4.94 miles
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Marshalls
5.04 miles
SVN | AVAT Realty