Investors and owner-occupants take notice ? this expansive corner-lot property in the heart of Gulfport's coastal corridor offers serious multi-unit income potential in a location that practically sells itself. Just a short walk to the Mississippi Gulf Coast beaches, downtown, the harbor, restaurants, and scenic walking and biking paths, demand for rental units here is built right into the address. The main level functions as a spacious primary residence featuring a bright sitting room, large kitchen with adjacent dining area, generous family room, six bedrooms, two full bathrooms, and a dedicated laundry room ? comfortably configured for owner occupancy or as a standalone rental unit. The real income play is upstairs. A partially completed apartment awaits your finishing touches, already roughed in with electrical, plumbing, and HVAC work done ? the heavy lifting is behind you. Complete it as a 1- or 2-bedroom unit and put it to work as a long-term rental, short-term/vacation rental, or Airbnb in this high-demand coastal market. And there's more ? the mostly finished attic space presents a compelling opportunity for a third unit, potentially configured as an efficiency apartment. Three units. One property. One mortgage. Additional highlights include a metal roof installed less than three years ago, an above-ground pool with new liner, a pool house, partial privacy fence, and a beautiful mature pecan tree. A generous supply of building materials conveys with the sale to help you finish strong. With approximately 6,400 square feet of potential living space, a proven rental market steps from the beach, and the groundwork already laid, this property is ready for an investor with vision. Live in one unit, rent the others, and let the Coast go to work for you. Sold As-Is / Where-Is. Buyer to verify all information and perform due diligence.
Listed By
Agency Name: Coldwell Banker Alfonso Realty-Lorraine Rd
Shown By
Agent Name: Kathryn Garland
Agent Phone: (901) 644-8751
Agency Title: Crye-Leike Real Estate Services
Estimated Payment
$ 785.00 per month $667.45 Principal & Interest $30.08 Property Tax $87.47 Homeowner's Insurance
1602 E Railroad Street | MLS# 4147774
This multi-family property located at 1602 E Railroad Street, Gulfport, MS 39501 is currently listed for sale with an asking price of $299,900. Search Gulfport real estate on www.kathryngarland.com today.