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1496 Beach BlvdBiloxi, MS 39530
Magnolia Garden Townhomes
Asset ClassMultifamily
Cap Rate: 7.19%# Units: 7Access Data Room
Endless Sunsets - Endless Opportunities
overview of deal

Overview

Overlooking the sugar-white sands and sparkling Gulf of America, 1496 Beach Blvd offers an exceptional opportunity to own an upscale 7-unit townhouse development in the heart of Biloxi. This property combines luxury coastal living with true income potential where your tenants help pay the bills while you enjoy the view. Set on .525 acres, this 9,800± square foot development features: (3) 1,200 SF units — 2 bedrooms, 2 baths (3) 1,400 SF units — 2 bedrooms, 1.5 baths (1) 2,000 SF front unit — 3 bedrooms, 2.5 baths overlooking the pool and Gulf Each residence features hardwood or tile floors, stone countertops, private balconies with amazing Gulf views, and in-unit washer/dryer hookups. Four units include covered parking, and the front four are ICF construction, offering exceptional strength and insulation. At the current offering price, an owner can live in the front 3-bedroom unit—with panoramic views of the Gulf and pool—and generate positive cash flow from the remaining six units. In other words, you could be paid to live at the beach, watching endless sunsets and enjoying the coastal breeze. Located just 4 miles from Edgewater Mall and minutes from Biloxi’s entertainment district, this property is ideal for: -Beach lovers who dream of owning coastal real estate without the $2M+ price tag. -Investors seeking a high-quality, pride-of-ownership asset in a trophy location. -Retirees ready to settle on the Gulf Coast and stay active by managing a beautiful income property.

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Investment Highlights

# Stories
2
  • 9,800 SF
  • Constructed in 2006
  • RM-20 zoning
  • 7.04% CAP rate
  • NOI: $98,171
  • $199,286 per door

 

 

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1496 Beach BlvdBiloxi, MS 39530

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Listing provided by Revere CRE