801 Oakleigh Ave
- 24 Units | 23,618 Rentable ft²
- Built in 2007 with High Quality Materials including mostly brick building exteriors and concrete parking areas
- Ideal Gulfport location
- Anticipated cash-on-cash just above 6.6% and IRR exceeding 15.8% at the ask price of $2.3M.
- Expense-adjusted T-3 cap rate of 6.97% at the ask price of $2.3M, with a projected Year 1 cap rate of 7.31%, offering immediate positive leverage under new ownership.
- Has maintained a 100% occupancy for the past twelve months.
Property Description
Oakleigh Apartments in Gulfport, MS presents a strong multifamily investment opportunity. The property offers a mix of 2- and three-bedroom units with a location just minutes from the beach and downtown Gulfport. Residents also benefit from nearby shopping, dining, schools, and healthcare services, enhancing long-term renter appeal. With steady population growth and limited apartment supply in the submarket, Oakleigh Apartments is positioned to maintain stable occupancy and deliver consistent returns.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,300,000 |
| No. of Units: | 24 |
| Year Built: | 2007 |
| Lot Size: | 0.65 Acres |
| Opportunity Zone: | No |
| Price per unit: | $95,833 |
| Property Website | Click Here |
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