1910 Southern Avenue
- Turnkey, Fully Renovated Asset: A comprehensive 2025 studs-out renovation drastically limits deferred maintenance and capital expenditure needs, providing a reliable foundation for consistent performance.
- 100% Occupied with Immediate Cash Flow: The property is fully stabilized and cash-flowing on day one, reflecting strong tenant demand in this coastal market.
- Continued Upside & Rent Growth: Even as a stabilized asset, new ownership has a clear path to force additional yield by pushing current effective rents to market asking rents, and capturing projected organic rent growth of approximately 3% annually.
- Strategic Coastal Lifestyle Appeal: Located just a half-mile from Biloxi Beach, the property offers residents walkability to the beachfront and easy access to coastal amenities without the premium pricing of newer, high-end coastal developments.
- Massive Local Economic Drivers: The asset sits within a resilient market backed by monumental employers, including Ingalls Shipbuilding (11,000+ employees and massive ongoing Navy contracts) and Keesler Air Force Base (6,500+ personnel).
Property Description
Seacrest on Southern is a fully renovated, stabilized asset in Biloxi, Mississippi’s established coastal submarket. Originally built in 1960, the property has undergone a comprehensive studs-out renovation in recent years, effectively mitigating the structural concerns typical of assets of this vintage. Currently operating with strong occupancy, Seacrest is well-positioned to deliver durable cash flow and consistent returns, with additional upside through continued rent growth following the completed rehab. Its proximity to Keesler Air Force Base, the Gulf Coast casino corridor, and major healthcare employers supports stable, long-term rental demand.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| No. of Units: | 44 |
| Year Built: | 1960 |
| Lot Size: | 0.91 Acres |
| Opportunity Zone: | No |
| Property Website | Click Here |
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