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$699,900 (USD)
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Gulfport Area Multi-Family Home

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5420 28th Street Gulfport, MS 39501

24 Bed
12 Baths
8700 sqft
MLS# 4150839
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PRICE IMPROVEMENT — $35,100 REDUCTION. Rare investment opportunity directly across from the north entrance of Naval Construction Battalion Center (NCBC) Gulfport — one of the Gulf Coast's most reliable demand drivers for residential rentals. This 13-unit mixed-use portfolio spans two adjacent parcels (5400 5420 28th St) and includes twelve 2-bedroom/1-bath apartments plus one 1-bedroom studio. The twelve apartments, in three residential buildings, are 100% leased and generate $8,490/month ($101,880/year). At the reduced price that is $53,838 per unit and a 6.87x gross rent multiplier. THREE COMPONENTS AT NO ASSIGNED VALUE. All current income comes from the twelve apartments. A buyer additionally receives a vacant 600 SF commercial space, a non-operating on-site laundry facility, and a vacant studio apartment behind them that needs renovation. Each is a near-term income project requiring capital and effort only — no rezoning, no entitlement, no repositioning risk. THE RENT GAP IS REAL AND IT'S CLOSING. Three units have been repriced on renewal this summer, all onto terms running into 2027 — 5420 D from $525 to $695 through 9/1/2027, 5430 D from $695 to $725 through 9/1/2027, and 5440 A from $695 to $725 through 8/13/2027. Five of the twelve apartments now carry $725, up from three at the start of the summer. In-place rents average $708 against a Gulfport market of $850-$1,100+ for comparable 2-bedroom units, so meaningful upside remains — captured through ordinary turnover, with no displacement and no capital. Renovate and lease the studio, bring the commercial space online, restore the laundry, and continue market-rate turnover, and stabilized gross potential approaches $13,100/month. DOCUMENTED OPERATING PICTURE. Property taxes on both parcels total $6,456/year. Insurance runs $13,125/year on the owner's existing policy. Water and sewer on the master meter run approximately $862/month per current City of Gulfport billing; dumpster service is also owner-paid. Two years of QuickBooks profit-and-loss statements, a unit-by-unit rent roll, executed leases, tax records, and utility billing are assembled and available to qualified buyers on request. Built 1979, 8,700 SF on 0.62 acres in Kennelworth Park. Zoned commercial/multifamily. Seller is motivated and has demonstrated it with a real price reduction. The file is clean — this property completed a full round of buyer due diligence earlier this summer and returned to market on a financing failure, not an inspection issue. Ideal for a 1031 exchange buyer, regional multifamily operator, or value-add investor. Do not disturb tenants — showings by appointment only. All information deemed reliable but not guaranteed; buyer to verify all data.
Listing Courtesy of MLS UNITED / Listed By: Philip LeBlanc, Coldwell Banker Alfonso Realty, Inc.
$469,900 (USD)
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Gulfport Area Single Family Home

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15308 C C Camp Road Gulfport, MS 39503

3 Bed
2 Baths
2957 sqft
MLS# 4159654
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Nearly 3,000 square feet of completely renovated living space on 6.9 acres (additional 7.5 acres listed separately). This ranch-style farmhouse has been brought back better than new — luxury vinyl plank flooring throughout, granite counters, new cabinetry, gas range, stainless appliances, energy-efficient windows, new sheetrock, millwork, fixtures and fans. Everything you see and touch is new. A formal living room and an expansive great room open to the kitchen give you two distinct gathering spaces — one for holidays and company, one for everyday. The 345-square-foot sunroom has been fully converted to heated and cooled living area, finished to the same standard as the rest of the home, and the covered back patio beyond it is where you'll want that first cup of coffee while the wildlife moves through. The oversized laundry doubles as a walk-in pantry and storage. The primary suite is a genuine retreat, with separate tub and tiled shower and a very large closet; the secondary bedrooms are equally spacious and share a full bath with separate tub and shower. Sturdy metal roof for peace of mind. Outside is where this one separates itself: a pond, numerous mature blueberry bushes, and pecan trees, a chicken coop, a workshop, and a double garage — with some acreage still wooded and ready for whatever you have in mind. Hobby farm, horse property, room for the kids and the dogs, or simply the quiet you've been looking for. Serene country setting, minutes from Hwy 53 and about 20 minutes to Gulfport's shopping, dining and entertainment. West Harrison High and Middle school districts.
Listing Courtesy of MLS UNITED / Listed By: Philip LeBlanc, Coldwell Banker Alfonso Realty, Inc.