274 Mcdonnell Avenue, Biloxi, MS 39531 (MLS# 4054366)
274 Mcdonnell Avenue, Biloxi, MS 39531
$715,000
Property Type:
Res Income Multi-Fam
Bedrooms:
54
Square Footage:
17,513
Lot Size (sq. ft.):
37,897
Status:
Closed
Current Price:
$990,000
List Date:
7/27/2023
Last Modified:
12/11/2024
Description
Great Investment with Value-Add Opportunity: 18 door Apartment Complex 94.4% occupancy rate. Close to Keesler AFB and 1/2 mile from the beach. Did not receive water in Katrina.
More Information MLS# 4054366
Address and Location Information
Parcel Number: 1210g-02-032.000
Directions to Property: From Beach Blvd in Biloxi go north on McDonnell Ave 1/2 mile. Property is located on the right (east) side of McDonnell.
N or S of I-10: S
N or S of CSX Railroad Track: N
Street Number: 274
Street Name: Mcdonnell
Street Suffix: Avenue
County: Harrison
State: MS
Zip Code: 39531
Subdivision: Metes And Bounds
Listing Information
Listing Service: Full Service
Status: Closed
List Date: 2023-07-24
List Price: $990,000
Current Price: $715,000
General Property Information
New Construction: No
# of Units Included in Sale: 18
Approx Lot Size Acres: 0.87
SqFt Source: Public Records
List Price/SqFt: 56.53
Year Built Source: Public Records
Total Floors: 2
Bathrooms Half: 0
Bathrooms Three Quarter: 0
Furnished: No
Accessibility Features: No
Complex Name: Jayson Cove Apartments
Approx H/C SqFt: 17513
Year Built: 1999
Bedrooms Total: 54
Bathrooms Full: 18
Tax and Financial Information
Tax Annual Amount: 12010
Tax Year: 2022
Homestead Y/N: No
Additional Exemptions Y/N: No
Zoning: Multiple Family Residential
Flood Insurance Required?: Subject to Survey
Leasehold Y/N: No
Association: No
Covenants Y/N: No
Legal Description: LOT 150 X 290 FT S BY REDDING E BY KRUSE N BY SULLIVAN W BY MCDONNELL AVE SEC BLK 25-7-10
Remarks & Miscellaneous
Public Remarks: Great Investment with Value-Add Opportunity: 18 door Apartment Complex 94.4% occupancy rate. Close to Keesler AFB and 1/2 mile from the beach. Did not receive water in Katrina.
Status Change Info
Sold Price/SqFt: 40.83
Contract Date/Pending Date: 2023-08-16
Closing Date: 2023-11-17
Structure Type
Multi Family: 1
Income & Expenses
Annual Net Income: 12400
Additional Type Details
Apartment Complex: 1
Levels
Two: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Listing Terms
1031 Exchange: 1
Cash: 1
Conventional: 1
Waterfront Features
Waterfront: No
Beach Access: 1
Showing Requirements
Showing: Appointment Required
Utilities
Electricity Connected: 1
Sewer Connected: 1
Water Connected: 1
Owner Pays
Grounds Care: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Tenant Pays
Electricity: 1
Cooling
Central Air: 1
Heating
Central: 1
Foundation Details
Slab: 1
Exterior Construction/Siding
Siding: 1
Roof
Shingle: 1
Exterior Features
See Remarks: 1
Patio And Porch Features
Front Porch: 1
Driveway Features
Paved Drive: 1
Parking Features
Parking Lot: 1
Paved: 1
Community Features
Near Entertainment: 1
Disclosures
As Is: 1
Uncovered Parking?
1-25 Spaces: 1
Property Features
Structure Type: Multi Family
Additional Type Details: Apartment Complex
Levels: Two
Owner Pays: Grounds Care; Taxes; Trash Collection; Water
Tenant Pays: Electricity
Cooling: Central Air
Heating: Central
Utilities: Electricity Connected; Sewer Connected; Water Connected
Sewer: Public Sewer
Water Source: Public
Foundation Details: Slab
Listing Terms: 1031 Exchange; Cash; Conventional
Roof: Shingle
Exterior Features: See Remarks
Patio And Porch Features: Front Porch
Driveway Features: Paved Drive
Parking Features: Parking Lot; Paved
Community Features: Near Entertainment
Waterfront Features: Beach Access
Disclosures: As Is
Listing Office:
Coldwell Banker Alfonso Realty-OS-B/O
Listing Agent:
Kim R Bush
Last Updated: December - 11 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.