3708 Lanier Ave
- 24 units in six buildings
- 20,574 total building sf
- 18,600 gross leasable area
- Built in 1972
- Over $30k Loss to Lease
- Ideally located near Singing River Health System and Ingalls Shipbuilding
- Well positioned for workforce housing
- High-wage tenant base ($80k+ avg.)
- Durable brick construction with TPO roofing
- Balconies/Porches attached to all units
Property Description
Bayou Villa Apartments are located less than one mile from U.S. Highway 90 and within minutes of Interstate 10. The property is proximate to major employers including HII Ingalls Shipbuilding, the Chevron Refinery, and the Singing River Medical System as well as local retailers, city and county offices. It is situated in a residential area with convenient access to retail, dining, and essential services, and surrounded by many apartment complexes of similar age, size and style that are all within walking distance and/or close proximity to the Pascagoula School District elementary, middle and high school buildings.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,235,000 |
| No. of Units: | 24 |
| Average Occupancy: | 6 |
| Year Built: | 1972 |
| Lot Size: | 1.35 Acres |
| Opportunity Zone: | No |
| Price per unit: | $51,458 |
| Property Website | Click Here |
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