Oasis Apartments is a 16-unit multifamily property with immediate upside potential.

Current rents are significantly below market, offering an opportunity to increase income

by over $20,000 annually. Additionally, the property includes two unfinished unit shells

that can be converted into one-bedroom apartments with minimal impact on expenses,

further increasing revenue. The property is 94% occupied, consists of approximately

10,000 square feet of rentable space on 1.27 acres, and was last renovated in 2006.

Offered at $895,000, the asset is priced at $55,938 per unit with a proforma cap rate of

12.2%.

Oasis Apartments is located just outside the gate of Keesler Air Force Base in Biloxi,

providing direct access to a large and stable employment base. The property is also

situated near Pass Road, one of Biloxi’s primary east-west corridors, offering strong

connectivity to nearby retail, services, and transit. Its position within a quiet residential

neighborhood bordered by churches offers a blend of accessibility and tenant appeal.