4508 Lanier Ave, Pascagoula, MS 39581

FOR SALE BY OWNER SUMMARY:  Unique opportunity to own a fully-rented, turnkey multi family property in the charming town of Pascagoula, Mississippi. This cash flowing 5-acre property features 5 duplexes as well as a 4 bed / 2 bath single-family residence. With a monthly revenue of $10,500, this property boasts an impressive 9.5% cap rate and the potential to increase. The duplexes are fully electric and have been completely remodeled with porcelain tile floors, oak cabinets, granite countertops, and stainless steel appliances in the kitchens, as well as fully-tiled bathrooms with all new fixtures. Each unit in a duplex is a 1000sq ft. 2 bedroom / 2 bathroom and one of the units is a 1400sq ft. 4 bedroom / 2 bathroom. These units are spacious, and several have walk in closets. Additionally, this property includes a 3,000 sq ft shed with a new roof replacement, adding extra value and potential to the investment. This property was designed with durability in mind and has weathered notable hurricanes without damage. The property has been thoughtfully equipped with proper ditches, french drains, and sloped landscaping to accommodate its floodzone location. With a tree line barrier in the front and rear of the residences and improved water drainage, there has not been any flooding damage during the last 15 years.??????? Concrete parking slabs and a privacy fence have been added for extra comfort and security. Each unit has been upgraded with its own water and electric meter, making it a low-maintenance investment. Pascagoula is a small, peaceful town on the waterfront of Mississippi overlooking the Pascagoula Bay and the Gulf of Mexico.  Located just 5-10 minutes from Ingalls Shipbuilding, , Chevron Pascagoula Refinery, Stennis Space Center, Singing River Health System, Pascagoula School District, Beach Park Plaza, VT Halter Marine & more.  Finding tenants is easy requires little to no advertising efforts. Buyer's agents are welcome, and a 3% commission is offered. Don't miss this opportunity to invest in a low-maintenance, high-value property in a sought-after location. UNIT  |  LAYOUT  |  RENT $ 1A  |  2bed/2bath  |  $810 1B  |  2bed/2bath  |  $950 2A  |  2bed/2bath  |  $950 2B  |  2bed/2bath  |  $875 3A  |  2bed/2bath  |  $925 3B  |  4bed/2bath  |  $1,150 4A  |  2bed/2bath  |  $862 4B  |  2bed/2bath  |  $950 5A  |  2bed/2bath  |  $880 5B  |  2bed/2bath  |  $750 SFR  |  4bed/2bath  |  $1,400 ANNUAL FINANCIAL SUMMARY: Gross Rental Income $125,400  Vacancy Loss $0 Taxes ($8,800) Operating Expenses ($1,800) Insurance Remittance ($912) Total Expenses ($11,512) Net Operating Income $114,452