10 Bay Park Way

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Address: 10 Bay Park Way, Bay St Louis, MS 39520, USA
Florida & Gulf Coast + Apartment Buildings
Created date: December 6, 2024
Date last updated: September 29, 2026
  • 128 Units - Mix of 2 & 3 Bedroom Floorplans
  • 153,000 Total SF / 151,296 Rentable SF
  • Built in 2003 - well built & maintained with spacious floor plans and impressive amenities
  • Over $700k invested in significant capital improvements in recent years
  • Average Household Income of $80,798 within a 1 Mile Radius
  • Historically strong occupancy & collections - : Over 90% for 12 Months and 92.4% Collection Rate
  • Upside of $300 room to raise rents

Property Description

Bay Crossings Apartments in Bay St. Louis, MS represents a compelling multifamily investment opportunity. The property features spacious two- and three-bedroom floor plans with desirable in-unit amenities such as washer/dryer connections, walk-in closets, and private outdoor spaces. Community highlights include a swimming pool with sundeck, resident clubhouse, and playground, offering strong appeal for families and professionals alike. This property's location near US-90 provides quick access to Old Town Bay St. Louis, with abundant restaurants, shops, and entertainment options, while proximity to schools, healthcare, and major employment centers supports long-term demand. With steady population growth and limited apartment inventory in the coastal Mississippi submarket, Bay Crossings is well positioned to maintain consistent occupancy and deliver reliable returns. Bay Crossings offers investors the opportunity to acquire a stabilized asset with significant upside, primarily through utilizing a Tenant Based Voucher strategy. We have projected substantial increases to average rent in the first two years of our Pro Forma, with the expectation new ownership chooses to utilize this proven value-add strategy. INVESTMENT HIGHLIGHTS Proven Affordable Upside: $300 Room to Raise Rents with Local Housing Collaboration for Tenant Based Vouchers Well Maintained Asset: Brand New Roofs and $700k in CapEx spent Historically Strong Occupancy and Collections: Over 90% for 12 Months and 92.4% Collection Rate Desirable Location: Average HH Income of $80,798 within a 1 Mile radius of the property
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Broker Details

Andrew Mulhall
Andrew Mulhall

SVN | AVAT Realty, LLC 256-726-9096

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 128
Year Built: 2003
Lot Size: 20.85 Acres
Opportunity Zone: No
Property Website Click Here
Address: 10 Bay Park Way, Bay St. Louis, MS 39520, USA
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