1518 20th Avenue, Gulfport, MS
12% Cap Rate - This 6-unit apartment complex is located on a 7,328 SF corner lot in downtown Gulfport, MS, and is just two blocks from the beach & Harbor Park. The two buildings (4,556 total SF) are an antebellum-style exterior construction with shotgun-style interior floor plans. There are four 1 bed / 1 bath units, one 2 bed / 1 bath unit and one efficiency unit.
1518 20th Avenue sits at the entrance to the 2nd Street corridor, which is a well established, safe and quiet neighborhood that consists of high end homes.