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Offices418 HWY 90 Waveland, MS 39576
$1,600,000
Biloxi, MS 39532
MLS# 3293451
Status: Closed
40800 sqft
1 / 5
Property Description
NICE MULTIFAMILY UNITS CONVENIENTLY LOCATED ON BIG RIDGE ROAD, WEST OF EXIT 50 (I-10), NOI CAN BE INCREASED SIGNIFICATELY BY MAKING A FEW OPERATING CHANGES. BUYER TO COOPERATE IN SELLER'S 1031 TAX DEFERRED EXCHANGE.
Details
Maps
Documents
Address and Location Information
Parcel Number: 03610390.030
N or S of I-10: S
Street Number: 15412
Street Name: Big Ridge
Street Suffix: Road
County: Jackson
State: MS
Zip Code: 39532
General Property Information
# of Units Included in Sale: 40
Approx Lot Size Acres: 2.66
Lot Size Dimensions: 170.0 X 562.0 X 170.0 X 530.0
SqFt Source: Other
List Price/SqFt: 42.89
Year Built Source: Assessor
Complex Name: ROYAL OAKS
Approx H/C SqFt: 40800
Year Built: 20
Tax and Financial Information
Tax Annual Amount: 24000
Zoning: Single Family Residential
Flood Insurance Required?: No
Annual Home Insurance: 31694
Remarks & Miscellaneous
Public Remarks: NICE MULTIFAMILY UNITS CONVENIENTLY LOCATED ON BIG RIDGE ROAD, WEST OF EXIT 50 (I-10), NOI CAN BE INCREASED SIGNIFICATELY BY MAKING A FEW OPERATING CHANGES. BUYER TO COOPERATE IN SELLER'S 1031 TAX DEFERRED EXCHANGE.
Status Change Info
Sold Price/SqFt: 39.22
Contract Date/Pending Date: 2015-11-27
Closing Date: 2016-01-29
Structure Type
Lowrise 1-2 Floors: 1
Income & Expenses
Annual Net Income: 89400
Gross Operating Income: 291658
Additional Type Details
Apartment Complex: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Owner Pays
Insurance: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Tenant Pays
Cooling: 1
Electricity: 1
Heating: 1
Appliances
Dishwasher: 1
Disposal: 1
Oven: 1
Range: 1
Refrigerator: 1
Walls - Interior
Sheetrock: 1
Flooring
Carpet: 1
Wood: 1
Cooling
Central Air: 1
Electric: 1
Heating
Electric: 1
Foundation Details
Slab: 1
Exterior Construction/Siding
Brick Veneer: 1
Other: 1
See Remarks: 1
Water Heater
Electric: 1
Available Documents
APOD: 1
Marketing Package: 1
Pro Forma: 1
Approx Age Code
Under 25 Years: 1
Parking Spaces
1 Space Unit: 1
Unit 1
Bedrooms: 2
Full Baths: 1
Rent: 650
Description: 40
Listing Information
Status: Closed
List Date: 2015-08-27
List Price: $1,750,000
Current Price: $1,600,000
Property Features
Structure Type: Lowrise 1-2 Floors
Additional Type Details: Apartment Complex
Owner Pays: Insurance; Taxes; Trash Collection; Water
Tenant Pays: Cooling; Electricity; Heating
Appliances: Dishwasher; Disposal; Oven; Range; Refrigerator
Walls - Interior: Sheetrock
Flooring: Carpet; Wood
Cooling: Central Air; Electric
Heating: Electric
Sewer: Public Sewer
Water Source: Public
Foundation Details: Slab
Water Heater: Electric
Approx Age Code: Under 25 Years
Parking Spaces: 1 Space Unit
Available Documents: APOD; Marketing Package; Pro Forma
Document 
Listing Office: Sawyer Real Estate, Inc. Of Ms.
Listing Agent: Brian P Bolis
Last Updated: November - 14 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.
$1,600,000
Biloxi, MS 39532
MLS# 3293451
Status: Closed
40800 sqft
1 / 5
Property Description
NICE MULTIFAMILY UNITS CONVENIENTLY LOCATED ON BIG RIDGE ROAD, WEST OF EXIT 50 (I-10), NOI CAN BE INCREASED SIGNIFICATELY BY MAKING A FEW OPERATING CHANGES. BUYER TO COOPERATE IN SELLER'S 1031 TAX DEFERRED EXCHANGE.
Details
Maps
Documents
Address and Location Information
Parcel Number: 03610390.030
N or S of I-10: S
Street Number: 15412
Street Name: Big Ridge
Street Suffix: Road
County: Jackson
State: MS
Zip Code: 39532
General Property Information
# of Units Included in Sale: 40
Approx Lot Size Acres: 2.66
Lot Size Dimensions: 170.0 X 562.0 X 170.0 X 530.0
SqFt Source: Other
List Price/SqFt: 42.89
Year Built Source: Assessor
Complex Name: ROYAL OAKS
Approx H/C SqFt: 40800
Year Built: 20
Tax and Financial Information
Tax Annual Amount: 24000
Zoning: Single Family Residential
Flood Insurance Required?: No
Annual Home Insurance: 31694
Remarks & Miscellaneous
Public Remarks: NICE MULTIFAMILY UNITS CONVENIENTLY LOCATED ON BIG RIDGE ROAD, WEST OF EXIT 50 (I-10), NOI CAN BE INCREASED SIGNIFICATELY BY MAKING A FEW OPERATING CHANGES. BUYER TO COOPERATE IN SELLER'S 1031 TAX DEFERRED EXCHANGE.
Status Change Info
Sold Price/SqFt: 39.22
Contract Date/Pending Date: 2015-11-27
Closing Date: 2016-01-29
Structure Type
Lowrise 1-2 Floors: 1
Income & Expenses
Annual Net Income: 89400
Gross Operating Income: 291658
Additional Type Details
Apartment Complex: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Owner Pays
Insurance: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Tenant Pays
Cooling: 1
Electricity: 1
Heating: 1
Appliances
Dishwasher: 1
Disposal: 1
Oven: 1
Range: 1
Refrigerator: 1
Walls - Interior
Sheetrock: 1
Flooring
Carpet: 1
Wood: 1
Cooling
Central Air: 1
Electric: 1
Heating
Electric: 1
Foundation Details
Slab: 1
Exterior Construction/Siding
Brick Veneer: 1
Other: 1
See Remarks: 1
Water Heater
Electric: 1
Available Documents
APOD: 1
Marketing Package: 1
Pro Forma: 1
Approx Age Code
Under 25 Years: 1
Parking Spaces
1 Space Unit: 1
Unit 1
Bedrooms: 2
Full Baths: 1
Rent: 650
Description: 40
Listing Information
Status: Closed
List Date: 2015-08-27
List Price: $1,750,000
Current Price: $1,600,000
Property Features
Structure Type: Lowrise 1-2 Floors
Additional Type Details: Apartment Complex
Owner Pays: Insurance; Taxes; Trash Collection; Water
Tenant Pays: Cooling; Electricity; Heating
Appliances: Dishwasher; Disposal; Oven; Range; Refrigerator
Walls - Interior: Sheetrock
Flooring: Carpet; Wood
Cooling: Central Air; Electric
Heating: Electric
Sewer: Public Sewer
Water Source: Public
Foundation Details: Slab
Water Heater: Electric
Approx Age Code: Under 25 Years
Parking Spaces: 1 Space Unit
Available Documents: APOD; Marketing Package; Pro Forma
Listing Office: Sawyer Real Estate, Inc. Of Ms.
Listing Agent: Brian P Bolis
Last Updated: November - 14 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.