782 Water Street, Biloxi, MS 39530 (MLS# 4096981)
782 Water Street, Biloxi, MS 39530
$1,375,000
Property Type:
Commercial Sale
Bedrooms:
8
Baths:
7
Square Footage:
3,400
Lot Size (sq. ft.):
11,326
Status:
Active
Current Price:
$1,375,000
List Date:
11/18/2024
Last Modified:
11/18/2024
Description
Introducing Scherer House (Spanish House), a luxury income-producing multi-unit property offering turnkey Airbnb opportunities in the heart of Downtown Biloxi's sought-after Golf Cart District. Originally constructed in the 1700's, this historical gem has been meticulously renovated from top to bottom, blending timeless charm with modern luxury. Key Features - LUXURY MULTI-UNIT PROPERTY: Fully furnished, each unit boasts modern interiors with quartz countertops, high-end appliances, and stackable washers/dryers. MODERNIZED INFRASTRUCTURE: Updated to 2021 commercial fire and building codes, new certificate of occupancy, including new electrical, HVAC systems, roofing, flooring, and sound suppression systems in walls and floors. STATE-OF-THE-ART SECURITY: Equipped with a 360 degree HD camera system and digital locks for tenant safety and peace of mind. ARCHITECTURAL HIGHLIGHTS: Features include iron staircase, four fireplaces, code-compliant windows, and thoughtful restoration of historic details. PRIME LOCATION: Situated within walking distance of Iconic Gulf Coast restaurants like Mary Mahoney's, nightlife and entertainment at Hard Rock Casino and Beau Rivage, MGM Park for professional baseball and concerts, pristine beaches and the vibrant Ground Zero Nightclub. INVESTMENT POTENTIAL: TURNKEY INCOME: Seamless tenant flow with proven Airbnb success. EXPANSION OPPORTUNITIES: Potential to add additional units on the rear of the property for increased financial incentives. CORPORATE RENTAL POTENTIAL: Ideal for conversion to long-term corporate rentals. A UNIQUE OPPORTUNITY. With its unbeatable combination of historical significance, luxury amenities, and development potential, 782 Water Street represents an unparalleled investment opportunity. Whether you're expanding your portfolio, seeking a high-return 1031 exchange, or envisioning a corporate rental hub, the possibilities are endless. Schedule your tour today to explore this one-of-a-kind property and secure your place in Biloxi's thriving market.
More Information MLS# 4096981
Address and Location Information
Street Number: 782
Street Name: Water
Street Suffix: Street
County: Harrison
State: MS
Zip Code: 39530
Parcel Number: 1410k-03-106.000
Subdivision: Metes And Bounds
Directions to Property: Located across the street in front of the Hard Rock Casino and directly behind Mary Mahoney's
N or S of I-10: S
N or S of CSX Railroad Track: S
Listing Information
Status: Active
List Date: 2024-11-17
List Price: $1,375,000
Current Price: $1,375,000
Property Sub Type: Other
Listing Service: Full Service
General Property Information
Approx Lot Size Acres: 0.26
Approx H/C SqFt: 3400
SqFt Source: Appraiser
List Price/SqFt: 404.41
Year Built: 1846
Year Built Source: Public Records
Total Floors: 2
Bedrooms Total: 8
Bathrooms Total: 7
Bathrooms Full: 6
Bathrooms Half: 1
Fireplace: Yes
Fireplaces Total: 4
Accessibility Features: No
Tax and Financial Information
Tax Annual Amount: 3123
Tax Year: 2023
Zoning: Downtown
Flood Insurance Required?: No
Leasehold Y/N: No
Association: No
Legal Description: COM AT SE COR OF BLK 36 OF BILOXI DOWNTOWN REVITALIZATION AREA AKA BILOXI SEC BLK 126 & BEING INTER OF N MAR OF WATER ST & W MAR OF G.E. OHR ST FKA DELAUNEY ST N 87 DG W 43.2 FT ALONG WATER ST TO POB N 87 DG W 50.1 FT ALONG WATER ST N 124.9 FT S 87 D G E 49.2 FT N 2 DG W 11.8 FT N 87 DG E 43.9 FT TO W MAR OF G. E. OHR ST S 64.5 FT N 87 DG W 42.9 FT S 75.3 FT TO POB PART OF PARCELS 3,4 & 5 BLK 36 OF BILOXI DOWNTOWN REVITALIZATION PROJECT #MISS R-30 OF BILOXI SEC BLK 126 IN SEC 27-7-9
Auction
Auction: No
Showing Requirements
Showing: Appointment Required
Basement Features
Basement: No
Suite Details
1st Suite Number: A
1st Suite Size: 850
2nd Suite Number: B
2nd Suite Size: 850
3rd Suite Number: C
3rd Suite Size: 1700
Property Features
Business Type: Rental
Current Use: Multi-Family
Possible Use: Commercial; Multi-Family
Commercial Features: Dumpster; Fire Alarm; Fire Sprinkler System; Smoke Detector(s)
Structure Type: Multi Family
Ceiling Height: 8' - 10.9'
Lot Features: City Lot; Near Beach; Near Golf Course
Location: City Street; Downtown; Historic Area
Levels: Two
Covenants And Restrictions: Architectural Review; Historical
Expenses Include: Electric; Insurance; Maintenance; Management; Taxes; Trash Removal; Water/Sewer
Walls - Interior: Plaster; Sheetrock
Flooring: Tile; Vinyl
Cooling: Central Air; Electric; Multi Units; Wall Unit(s)
Heating: Central; Electric
Utilities: Cable Available; Electricity Connected; Natural Gas Connected; Sewer Connected; Water Connected
Sewer: Public Sewer
Water Source: Public
Foundation Details: Pillar/Post/Pier
Listing Terms: 1031 Exchange; Cash; Conventional
Roof: Shingle
Exterior Features: Balcony; Lighting
Driveway Features: Concrete Drive; Rear Entrance
Parking Features: Concrete; Parking Lot
Pool Features: None
Water Heater: Gas; Tankless
Price Includes: All Appliances; All Furnishings; Building and Land; Business
Available Documents: Drawings; Profit & Loss Statement; Survey
Approx Age Code: Under 5 Years
Historical Registry ›Listing Office: Blaine & Co., LLC
Listing Agent: Matthew Blaine
Last Updated: November - 18 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.