$158,000
$158,000
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644 25th Street Gulfport, MS 39501
6 Beds
3 Baths
1,950 SqFt
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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Information is deemed to be reliable but not guaranteed. Copyright © 2024 MLS United, LLC.