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, (MLS# 4050772)

$1,100,000
Property Type: Res Income Multi-Fam Bedrooms: 99 Square Footage: 47,684 Lot Size (sq. ft.): 121,097 Status: Closed
Current Price: $1,512,000 List Date: 11/01/2023 Last Modified: 12/11/2024

Description

EXCELLENT GROWTH POTENTIAL! Tall Pines Apartments is a complex comprised of 56 units divided among 7 buildings. All units are 2bed/1bath, 27 units have a washer/dryer combo. A moderate investment for updates and rehab of unoccupied units will provide increased income potential for your investment portfolio. This complex is located in a bustling market in need of rental housing. This property affords so much long-term potential for positive growth. Jackson County is one of the strongest growing counties in Mississippi, which is witnessing incredible economic growth due, much in part, to the Blue Economy. Pascagoula is home to Ingalls Shipbuilding, owned by Huntington Ingalls Industries, the state's largest private, single-site employer, as well as the largest Chevron refinery in the world. Other major industries include the Rolls-Royce Naval Marine, specializing in U.S. Navy ship propulsion, First Chemical/Chemours, and the Singing River Hospitals and Health Systems along the Gulf Coast. The Port of Pascagoula is a full-service deep-water port with modern facilities for handling cargo from around the world. The Port's two harbors include a combination of public and private terminals handling in excess of 32 million tons of cargo through the channel annually. The Port is the largest seaport in Mississippi and ranks nationally in the top 20 ports of foreign cargo volume.

More Information MLS# 4050772

Address and Location Information

Parcel Number: 4-12-30-154.000 Directions to Property: From Hwy 90 go south on Hospital Rd, left on Bartlet, right on Eden Street, left on Scovel Avenue N or S of I-10: S N or S of CSX Railroad Track: S Subdivision: Metes And Bounds

Listing Information

Listing Service: Full Service Status: Closed List Date: 2023-06-17 List Price: $1,512,000 Current Price: $1,100,000

General Property Information

New Construction: No # of Units Included in Sale: 56 Approx Lot Size Acres: 2.78 SqFt Source: Public Records List Price/SqFt: 31.71 Year Built Source: Public Records Total Floors: 2 Bathrooms Half: 0 Bathrooms Three Quarter: 0 Furnished: No Accessibility Features: No Approx H/C SqFt: 47684 Year Built: 1974 Bedrooms Total: 99 Bathrooms Full: 56

Tax and Financial Information

Tax Annual Amount: 19646 Tax Year: 2022 Homestead Y/N: No Additional Exemptions Y/N: No Zoning: Multiple Family Residential Flood Insurance Required?: Yes Leasehold Y/N: No Association: No Covenants Y/N: No Legal Description: COM S/M SCOVEL ST & W/L SEC 18 E 75' FOR POB S 577' E 210' N N 577' W 210' TO POB ALL UNITS IN TALL PINES CONDOS NOW CALLED TALL PINE RENTALS DB 1730-367 (173 MAP853.07-04) '55 UNITS'

Remarks & Miscellaneous

Public Remarks: EXCELLENT GROWTH POTENTIAL! Tall Pines Apartments is a complex comprised of 56 units divided among 7 buildings. All units are 2bed/1bath, 27 units have a washer/dryer combo. A moderate investment for updates and rehab of unoccupied units will provide increased income potential for your investment portfolio. This complex is located in a bustling market in need of rental housing. This property affords so much long-term potential for positive growth. Jackson County is one of the strongest growing counties in Mississippi, which is witnessing incredible economic growth due, much in part, to the Blue Economy. Pascagoula is home to Ingalls Shipbuilding, owned by Huntington Ingalls Industries, the state's largest private, single-site employer, as well as the largest Chevron refinery in the world. Other major industries include the Rolls-Royce Naval Marine, specializing in U.S. Navy ship propulsion, First Chemical/Chemours, and the Singing River Hospitals and Health Systems along the Gulf Coast. The Port of Pascagoula is a full-service deep-water port with modern facilities for handling cargo from around the world. The Port's two harbors include a combination of public and private terminals handling in excess of 32 million tons of cargo through the channel annually. The Port is the largest seaport in Mississippi and ranks nationally in the top 20 ports of foreign cargo volume.

Status Change Info

Sold Price/SqFt: 23.07 Contract Date/Pending Date: 2023-11-30 Closing Date: 2023-12-11

Structure Type

Lowrise 1-2 Floors: 1

Additional Type Details

Apartment Complex: 1

Levels

Two: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Listing Terms

Cash: 1 Conventional: 1

Waterfront Features

Waterfront: No

Showing Requirements

Showing: Appointment Required

Utilities

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

Owner Pays

Grounds Care: 1 Insurance: 1 Repairs: 1 Sewer: 1 Taxes: 1 Trash Collection: 1 Water: 1

Tenant Pays

Cooling: 1 Deposit: 1 Electricity: 1 Heating: 1

Laundry Features

Common Area: 1 Electric Dryer Hookup: 1 Washer Hookup: 1

Cooling

Central Air: 1

Heating

Central: 1

Foundation Details

Slab: 1

Exterior Construction/Siding

Brick Veneer: 1

Roof

Shingle: 1

Exterior Features

None: 1

Parking Features

Paved: 1

Available Documents

Leases: 1 Marketing Package: 1

Property Features

Structure Type: Lowrise 1-2 Floors Additional Type Details: Apartment Complex Levels: Two Owner Pays: Grounds Care; Insurance; Repairs; Taxes; Trash Collection; Water Tenant Pays: Cooling; Deposit; Electricity; Heating Laundry Features: Common Area; Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: Cash; Conventional Roof: Shingle Exterior Features: None Parking Features: Paved Available Documents: Leases; Marketing Package
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.