Great opportunity to own 3 Fourplexes on a 2 acre lot in Moss Point, MS. These properties are located close to the I-10 and walking distance to Moss Point Escatawapa Upper Elementary School.
Property Details:
- Each Fourplex holds (2) Two bedrooms/one bathroom and (2) One bedroom/one bathroom
- Current Rent Role:
- 10/12 Occupied
- $6,600/mo.
- 6 Two bedroom units occupied at: $700 a month
- 4 One bedroom units occupied at $600 a month
- 2 units are vacant
- Current Gross Rent: $79,200
- Potential Gross Rent: $93,600
- Roof & exterior paint re-done in November of 2025
- All units have central air & heat
- One unit needs full remodel (see pics)
- Rented units are fair to average
- Minor sheetrock repair is required for some upstairs units
- Tenants pay electric
- Owner pays water ($108 a month avg.)
- Annual Taxes: $2185
- Insurance: $3000 Annual (Approx).
- NOI: $65,200 (Approx)