1540 Wilkes Avenue, Biloxi, MS 39530 (MLS# 4027048)

1540 Wilkes Avenue, Biloxi, MS 39530

$775,000

Property Type: Commercial Sale Bedrooms: 28 Square Footage: 13,249 Lot Size (sq. ft.): 47,480 Status: Closed

Current Price: $1,200,000 List Date: 8/26/2022 Last Modified: 11/20/2024

Description

Have you been Thinking about Acquiring some Rental Property in South MS....Well look no further. Wilkes Ave Apartments are perfect for your next investment! 14 Units in Total, All New Roofs, 2 Bed /1 Bath units, On Site Laundry Facility, Manicured Lawns and Sideway Area, Asphalt Parking Lot, and Beach Views. Wilkes Apartments are in the Desirable Location of 1.5 Blocks of Biloxi Beach and Close to all the the Gulf Coast Casinos, Restaurants, Minor League Baseball Field, Biloxi Upper Elementary, Keesler Air Force Base and Keesler Medical Center as well as Numerous Yearly Activities.

More Information MLS# 4027048

Address and Location Information

Nearest Cross Street: St. Charles Avenue Parcel Number: 1310l-02-114.000 Directions to Property: Beach Blvd to St. Charles, Right on Wilkes Avenue N or S of I-10: S N or S of CSX Railroad Track: S Street Number: 1540 Street Name: Wilkes Street Suffix: Avenue County: Harrison State: MS Zip Code: 39530 Subdivision: Bienville Addition

Location

City: 1

Listing Information

Listing Service: Full Service Status: Closed List Date: 2022-08-26 List Price: $1,200,000 Current Price: $775,000 Property Sub Type: Apartment

General Property Information

Property Sub Type: Apartment New Construction: No Property Condition: Updated/Remodeled Approx Lot Size Acres: 1.09 Lot Size Dimensions: 222.7 x 238.3 x 173.1 x 113.8 x 119.7 SqFt Source: Assessor List Price/SqFt: 90.57 Year Built Source: Public Records Total Floors: 2 Fireplace: No School District: Biloxi Public Dist Elementary School: Biloxi Upper High School: Biloxi Accessibility Features: No Approx H/C SqFt: 13249 Year Built: 1960 Bedrooms Total: 28 Bathrooms Full: 14

Tax and Financial Information

Tax Annual Amount: 10520 Tax Year: 2021 Zoning: Multiple Family Residential Flood Insurance Required?: Subject to Survey Leasehold Y/N: No Association: No Legal Description: BEG ON N LINE OF WILKES AVE 91.11 FT W OF ST JOHN ST N 115 FT W 47.55 FT N 96.5 FT W 167.98 FT S 211.5 FT E 215.53 FT TO BEG ALSO S 25 FT OF N 1/2 OF LOTS 3 & 4 PT LOTS 2 - 4 BLK 5 BIENVILLE ADD ALSO E 5 FT OF ALLEY LYING W OF LOT NOW VACATED AS PER BK 216/555 Complex Name: Wilkes Ave Apartments LLC

Remarks & Miscellaneous

Public Remarks: Have you been Thinking about Acquiring some Rental Property in South MS....Well look no further. Wilkes Ave Apartments are perfect for your next investment! 14 Units in Total, All New Roofs, 2 Bed /1 Bath units, On Site Laundry Facility, Manicured Lawns and Sideway Area, Asphalt Parking Lot, and Beach Views. Wilkes Apartments are in the Desirable Location of 1.5 Blocks of Biloxi Beach and Close to all the the Gulf Coast Casinos, Restaurants, Minor League Baseball Field, Biloxi Upper Elementary, Keesler Air Force Base and Keesler Medical Center as well as Numerous Yearly Activities.

Status Change Info

Sold Price/SqFt: 58.49 Contract Date/Pending Date: 2023-04-19 Closing Date: 2023-06-30

Current Use

Multi-Family: 1

Structure Type

Multi Family: 1

Income & Expenses

Annual Electric Expense: 2652 Annual Insurance Expense: 16490 Annual Water/Sewer Expense: 6064

Business Type

Real Estate: 1 Rental: 1 Residential: 1

Lot Features

City Lot: 1 Corner Lot: 1 Front Yard: 1 Near Beach: 1

Levels

Two: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Listing Terms

1031 Exchange: 1 Cash: 1 Conventional: 1 SBA: 1

Showing Requirements

Showing: Appointment Required

Utilities

Cable Available: 1 Electricity Connected: 1 Sewer Connected: 1 Water Connected: 1

Walls - Interior

Sheetrock: 1

Flooring

Carpet: 1 Ceramic Tile: 1 Laminate: 1

Window Features

Aluminum Frames: 1

Expenses Include

Electric: 1 Insurance: 1 Taxes: 1 Water/Sewer: 1

Cooling

Electric: 1

Heating

Electric: 1

Foundation Details

Slab: 1

Auction

Auction: No

Exterior Construction/Siding

Vinyl: 1

Roof

Shingle: 1

Exterior Features

Lighting: 1

Parking Features

Asphalt: 1

Basement Features

Basement: No

Flood Insurance

Subject to Survey: 1

Water Heater

Electric: 1

Available Documents

Leases: 1 Profit & Loss Statement: 1

Disclosures

As Is: 1

Approx Age Code

Older 25+ Years: 1

Uncovered Parking?

1-25 Spaces: 1

Suite Details

1st Suite Number: 1536 2nd Suite Number: 1538 3rd Suite Number: 1540 4th Suite Number: 1542 5th Suite Number: 1544 6th Suite Number: 1546 7th Suite Number: 1548 8th Suite Number: 1550 9th Suite Number: 1552 10th Suite Number: 1554 11th Suite Number: 1556 12th Suite Number: 1558 13th Suite Number: 1560 14th Suite Number: 15620

Property Features

Business Type: Real Estate; Rental; Residential Current Use: Multi-Family Structure Type: Multi Family Lot Features: City Lot; Corner Lot; Front Yard; Near Beach Levels: Two Expenses Include: Electric; Insurance; Taxes; Water/Sewer Walls - Interior: Sheetrock Flooring: Carpet; Ceramic Tile; Laminate Window Features: Aluminum Frames Cooling: Electric Heating: Electric Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: 1031 Exchange; Cash; Conventional; SBA Roof: Shingle Exterior Features: Lighting Parking Features: Asphalt Flood Insurance: Subject to Survey Water Heater: Electric Available Documents: Leases; Profit & Loss Statement Disclosures: As Is Approx Age Code: Older 25+ Years

Listing Office: Coldwell Banker Alfonso Realty-BSL

Listing Agent: Lindsey L Lind

Last Updated: November - 20 - 2024