, (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.