274 Mcdonnell Avenue, Biloxi, MS 39531 (MLS# 4054366)

$715,000

274 Mcdonnell Avenue
Biloxi, MS 39531
MLS# 4054366
Status: Closed
54 beds | 17513 sqft

1 / 6

Property Description
Great Investment with Value-Add Opportunity: 18 door Apartment Complex 94.4% occupancy rate. Close to Keesler AFB and 1/2 mile from the beach. Did not receive water in Katrina.

Details

Maps

Address and Location Information

Parcel Number: 1210g-02-032.000

Directions to Property: From Beach Blvd in Biloxi go north on McDonnell Ave 1/2 mile. Property is located on the right (east) side of McDonnell.

N or S of I-10: S

N or S of CSX Railroad Track: N

Street Number: 274

Street Name: Mcdonnell

Street Suffix: Avenue

County: Harrison

State: MS

Zip Code: 39531

Subdivision: Metes And Bounds

Listing Information

Listing Service: Full Service

Status: Closed

List Date: 2023-07-24

List Price: $990,000

Current Price: $715,000

General Property Information

New Construction: No

# of Units Included in Sale: 18

Approx Lot Size Acres: 0.87

SqFt Source: Public Records

List Price/SqFt: 56.53

Year Built Source: Public Records

Total Floors: 2

Bathrooms Half: 0

Bathrooms Three Quarter: 0

Furnished: No

Accessibility Features: No

Complex Name: Jayson Cove Apartments

Approx H/C SqFt: 17513

Year Built: 1999

Bedrooms Total: 54

Bathrooms Full: 18

Tax and Financial Information

Tax Annual Amount: 12010

Tax Year: 2022

Homestead Y/N: No

Additional Exemptions Y/N: No

Zoning: Multiple Family Residential

Flood Insurance Required?: Subject to Survey

Leasehold Y/N: No

Association: No

Covenants Y/N: No

Legal Description: LOT 150 X 290 FT S BY REDDING E BY KRUSE N BY SULLIVAN W BY MCDONNELL AVE SEC BLK 25-7-10

Remarks & Miscellaneous

Public Remarks: Great Investment with Value-Add Opportunity: 18 door Apartment Complex 94.4% occupancy rate. Close to Keesler AFB and 1/2 mile from the beach. Did not receive water in Katrina.

Status Change Info

Sold Price/SqFt: 40.83

Contract Date/Pending Date: 2023-08-16

Closing Date: 2023-11-17

Structure Type

Multi Family: 1

Income & Expenses

Annual Net Income: 12400

Additional Type Details

Apartment Complex: 1

Levels

Two: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Listing Terms

1031 Exchange: 1

Cash: 1

Conventional: 1

Waterfront Features

Waterfront: No

Beach Access: 1

Showing Requirements

Showing: Appointment Required

Utilities

Electricity Connected: 1

Sewer Connected: 1

Water Connected: 1

Owner Pays

Grounds Care: 1

Sewer: 1

Taxes: 1

Trash Collection: 1

Water: 1

Tenant Pays

Electricity: 1

Cooling

Central Air: 1

Heating

Central: 1

Foundation Details

Slab: 1

Exterior Construction/Siding

Siding: 1

Roof

Shingle: 1

Exterior Features

See Remarks: 1

Patio And Porch Features

Front Porch: 1

Driveway Features

Paved Drive: 1

Parking Features

Parking Lot: 1

Paved: 1

Community Features

Near Entertainment: 1

Disclosures

As Is: 1

Uncovered Parking?

1-25 Spaces: 1

Property Features

Structure Type: Multi Family

Additional Type Details: Apartment Complex

Levels: Two

Owner Pays: Grounds Care; Taxes; Trash Collection; Water

Tenant Pays: Electricity

Cooling: Central Air

Heating: Central

Utilities: Electricity Connected; Sewer Connected; Water Connected

Sewer: Public Sewer

Water Source: Public

Foundation Details: Slab

Listing Terms: 1031 Exchange; Cash; Conventional

Roof: Shingle

Exterior Features: See Remarks

Patio And Porch Features: Front Porch

Driveway Features: Paved Drive

Parking Features: Parking Lot; Paved

Community Features: Near Entertainment

Waterfront Features: Beach Access

Disclosures: As Is

Listing Office: Coldwell Banker Alfonso Realty-OS-B/O

Listing Agent: Kim R Bush

Last Updated: December - 11 - 2024

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