USAMSGulfportKennelworth Park5420 28Th St

5420 28Th St, Gulfport, MS

House

For Sale

Listed price in listed location currency (USD).

$735,000

241224

MLS® 4150839

Overview

Key Facts

Type Multi Family

Levels Residential Income

Size 8700 sqft

Garage

Taxes $5,694

Days Active 5

Lot Size

Approx. Age 1979

Avg. Price Per Sqft $84

MLS® Number 4150839

Property Address: 5420 28th St, Gulfport, MS, 39501-5605

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® Number4150839

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1979

Basement

DrivewayConcrete Drive, Common, 2 Space Unit

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Rooms

Change to metres

Other:Not available

Map

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