HOWAWI, LLC | 156 Porter Ave
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HOWAWI, LLC 156 Porter Ave
11,291 SF Vacant Office Building Biloxi, MS 39530 $1,231,781 CAD ($109 CAD/SF) 9.15% Cap Rate
Executive Summary
Partially Broker owned. Incredible investment opportunity with many recent upgrades/ unit remodels within last two years. Fully rented. Just sit back and collect the cash. This is a no brainer. Ready to view.
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$153,937
|
$13.63
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$153,937
|
$13.63
|
| Taxes |
$11,569
|
$1.02
|
| Operating Expenses |
$29,547
|
$2.62
|
| Total Expenses |
$41,117
|
$3.64
|
| Net Operating Income |
$112,821
|
$9.99
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $153,937 |
| Annual Per SF | $13.63 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $153,937 |
| Annual Per SF | $13.63 |
| Taxes (CAD) | |
|---|---|
| Annual | $11,569 |
| Annual Per SF | $1.02 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $29,547 |
| Annual Per SF | $2.62 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $41,117 |
| Annual Per SF | $3.64 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $112,821 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,291 SF
Building Class
B
Year Built
1950
Price
$1,231,781 CAD
Price Per SF
$109 CAD
Cap Rate
9.15%
NOI
$112,708 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
11,291 SF
Building FAR
0.55
Lot Size
0.47 AC
Parking
30 Spaces (2.66 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 1310I-01-015.000 | Total Assessment | $103,294 CAD |
| Land Assessment | $0 CAD | Annual Taxes | $11,569 CAD ($1.02 CAD/SF) |
| Improvements Assessment | $0 CAD | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
1310I-01-015.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$103,294 CAD
Annual Taxes
$11,569 CAD ($1.02 CAD/SF)
Tax Year
2023
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HOWAWI, LLC | 156 Porter Ave
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