Gulfport, MS 39501,644 25th Street
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Gulfport, MS 39501,644 25th Street

$158,000

Est. payment /mo

$158,000

Est.Price: ?

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644 25th Street Gulfport, MS 39501

6 Beds

3 Baths

1,950 SqFt

SOLD DATE : 08/10/2023

Key Details

Sold Price $158,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 1,950 sqft

Price per Sqft $81

Subdivision Hewes

MLS Listing ID 4048985

Sold Date 08/10/23

Bedrooms 6

Full Baths 3

Originating Board MLS United

Year Built 1944

Annual Tax Amount $1,178

Lot Size 3,920 Sqft

Acres 0.09

Property Description

High-Demand, Low-Tax Investment - Triplex in Gulfport, MS
Discover the extraordinary potential of this exceptional investment opportunity in the thriving city of Gulfport, Mississippi. This competitively priced triplex houses three highly sought-after rental units, serving as a prime investment asset for those seeking a consistent income stream.
The property features two larger units, consistently rented for $1,100 and $1,000 per month respectively, and a smaller top unit currently vacant to enable hassle-free showings - previously rented for $700 per month. With a solid track record of full occupancy and vacancies usually filled within 30 days, this property proves the high demand for housing in the area.
Over the past year, this property has consistently produced $2,800 per month, amounting to an annual income of $33,600. The advantage of low property taxes further bolsters the attractiveness of this triplex, marking it as an outstanding addition to any investment portfolio.
The property's location is a key draw for tenants. Its close proximity to Gulfport's vibrant downtown, the beautiful Mississippi beaches, and a thriving cultural scene enhances the appeal of this investment opportunity.
Though the property may require some enhancements, it is aggressively priced at $158,000, reflecting its current condition. Given its history of consistent rental income and high demand, this property promises a considerable return on investment. Don't miss this golden opportunity — schedule your showing today!

Location

State MS

County Harrison

Interior

Heating Electric

Cooling Window Unit(s)

Flooring Carpet, Vinyl

Furnishings No

Exterior

Exterior Feature Balcony

Parking Features Driveway, On Street

Utilities Available Electricity Connected, Sewer Connected, Water Connected

Roof Type Asphalt Shingle

Garage No

Private Pool No

Building

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Balcony

New Construction No

Others

Tax ID 0911d-02-039.000

Acceptable Financing Cash

Listing Terms Cash

Pets Allowed Cats OK, Dogs OK

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MLS United(Mississippi)
Listed by New Trend Realty

Stephen James

Agent | License ID: MS# 52033 TN# 336698

+1(662) 689-1299

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