Riverbend Condominiums | 1625 Martin Bluff Rd
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Riverbend Condominiums 1625 Martin Bluff Rd
102 Unit Apartment Building $1,564,200 CAD ($15,335 CAD/Unit) 8.48% Cap Rate Gautier, MS 39553
Investment Highlights
- Desirable pool and park amenities for residents
- 20 Units totaling 22,764 SF
- On-site management for tenant convenience
Executive Summary
Introducing a lucrative investment opportunity: 1625 Martin Bluff Road in Gautier, MS. This impressive 22,764 SF building, boasting 20 units, stands as a prime example of multifamily real estate at its finest. Built in 1970 and currently enjoying an enviable 100% occupancy rate, this property aligns with your investment objectives. Situated in the sought-after Multi-Family area and zoned R-2 Single-Family Residential, it presents a secure and promising venture. The HOA covers essential amenities including insurance, water, sewer, and trash, while also offering access to a pool and park. With convenient proximity to interstate access and downtown, as well as neighboring prominent employers like Ingall's Shipbuilding and Chevron, this property promises a rewarding investment opportunity.
Property Facts
| Price | $1,564,200 CAD | Apartment Style | Garden |
| Price Per Unit | $15,335 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 9.80 AC |
| Cap Rate | 8.48% | Building Size | 22,764 SF |
| No. Units | 102 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1970 |
| Property Subtype | Apartment |
| Price | $1,564,200 CAD |
| Price Per Unit | $15,335 CAD |
| Sale Type | Investment |
| Cap Rate | 8.48% |
| No. Units | 102 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | B |
| Lot Size | 9.80 AC |
| Building Size | 22,764 SF |
| No. Stories | 2 |
| Year Built | 1970 |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Yard
Site Amenities
- Pool
- Tennis Court
- Walking/Biking Trails
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 50 | - | - |
| 3+2 | 52 | - | - |
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zoning
| Zoning Code | R-2 (Single-Family Residential) |
| R-2 (Single-Family Residential) |
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Riverbend Condominiums | 1625 Martin Bluff Rd
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