12506 Lorraine Road
Property Description
+/-36.38 acres with 4 single family homes and 2 duplexes in Woolmarket, one of the most sought-after areas on the Mississippi Gulf Coast. This property has been held by one family for decades: three ponds, old oaks and six homes, all inside Biloxi city limits. Turn off Lorraine Rd and the oaks close in over the drive. By the time you reach the ponds, you've forgotten the road is there. It feels like land you'd drive an hour out of town for, but Woolmarket keeps you close to everything: I-10 at the Lorraine-Cowan exit is 5 minutes away, both Keesler AFB and the Seabee Base are less than 25 minutes away, and shopping and dining at the Promenade and Crossroads are 15 minute drives either way. Woolmarket Elementary, Taranto's Crawfish, and a convenience store are less than a mile down the road. Excellent multigenerational property. Live in the main house, put everyone else in the others, and let the rent from what's left over help carry it; 6 of the 8 doors are currently rented with month-to-month leases. Homes on Lorraine: 12506 Lorraine, the brick main house (3BR/2BA, sun room, 29-ft bonus room); 12448 Lorraine a two-story with a fireplace and bay-window kitchen that sits on the ponds; and 12056 A/B Lorraine, a duplex out front. Around the corner on Shorecrest: 12331 Shorecrest, a 3BR/2BA home, 12193 A/B Shorecrest, a second duplex, and finally, 12193 Shorecrest, the old Coalville Methodist parsonage (built around 1850). That's just under 11,000 sq ft of total living space in all. Each home is also listed on its own. Acreage approximate, subject to survey. Buyer to verify exact square footage of properties. Buyer to verify all information. Some photos digitally edited to remove seller's personal property, which will be removed prior to closing. Seven tax parcels are included in this sale: 1008H-01-003.000, 1008H-01-003.001, 1008H-01-002.000, 1008H-01-010.000, 1008H-01-008.000, 1108E-01-016.000, 1108E-01-017.000.
Broker Details
Epique (888) 893-3537
MLS ID: mu.531510529 State License Number: S59571
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,595,000 |
| Lot Size: | 11,269.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 17 |
| Number of Bathrooms: | 11 |
ID: 3yd-MGCMLSMS-4164499
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