$379,900
$379,900
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19 Beds
11 Baths
6,523 SqFt
SOLD DATE : 04/04/2025
Key Details
Sold Price $379,900
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 6,523 sqft
Price per Sqft $58
Subdivision Pine Burr Terrace
MLS Listing ID 4103070
Sold Date 04/04/25
Bedrooms 19
Full Baths 9
Half Baths 2
Originating Board MLS United
Year Built 1972
Annual Tax Amount $2,993
Lot Size 0.420 Acres
Acres 0.42
Property Description
This 9-unit apartment building offers a solid investment opportunity in a convenient location near two of Jackson County's largest employers: Ingalls Shipbuilding and the Chevron Refinery, ensuring steady rental demand. With two 3-bed/2-bath units, six 2-bed/1-bath units, and one 1-bed/1-bath unit, this property is well-suited for steady occupancy by providing a range of rental options. Zoned R-4 High-Density Residential, it also offers potential for future growth. Each unit is individually metered for electricity and paid directly by the tenants, while the owner covers the costs of water and dumpster services. Additionally, the property is situated in an X500 flood zone, meaning flood insurance is not required, which helps keep operating costs down. With affordable property prices and a growing workforce in the area, rental properties like this offer consistent income and the potential for long-term value appreciation, making it a sound choice for investors seeking a stable asset.
Location
State MS
County Jackson
Interior
Heating Central
Cooling Central Air
Furnishings No
Exterior
Exterior Feature None
Parking Features Parking Lot
Utilities Available Electricity Connected, Sewer Connected, Water Connected
Waterfront Description None
Roof Type Shingle
Garage No
Building
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories Multi/Split
Structure Type None
New Construction No
Others
Tax ID 2-22-25-064.000
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