
Courtesy of: Philip J Leblanc, Coldwell Banker Alfonso Realty-Lorraine Rd, pleblanc.realtor@gmail.com
$735,000
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24 bed
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12.00 Bath (12 Full)
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Lot: 0.62 Acres
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Other
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$735,000
5420 28th Street 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 income portfolio spans two adjacent parcels (5400 & 5420 28th St) and includes twelve 2-bedroom/1-bath units and one 1-bedroom studio, generating $8, 700/month ($104, 400/year) in current gross rents. Property further features a vacant 600 SF commercial space and a non-operating on-site laundry facility - both representing immediate, untapped income streams for a new owner. Current rents run well below Gulfport market rates of $850-$1, 100+/month for 2-bedroom units, offering a clear value-add path through natural lease turnover with no forced displacement. Bring the commercial space online, restore the laundry, and stabilized gross income potential approaches $13, 100+/month. Combined annual property taxes on both parcels total just $6, 456. Water and dumpster service are owner-paid and documented. Ideal for a 1031 exchange buyer, regional multifamily operator, or value-add investor. Zoned commercial/multifamily. Do not disturb tenants - showings by appointment only. All information deemed reliable but not guaranteed; buyer to verify all data.
Courtesy of: Philip J Leblanc, Coldwell Banker Alfonso Realty-Lorraine Rd, pleblanc.realtor@gmail.com
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