The Quarters Apartments | 11350 New Orleans Ave
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The Quarters Apartments 11350 New Orleans Ave
36 Unit Apartment Building $3,200,000 ($88,889/Unit) Gulfport, MS 39503
Investment Highlights
- 33,600 SF building with 36 units
- Proximity to amenities and transportation
- Multifamily/Low-Rise/Garden investor-friendly
Executive Summary
The Quarters is a 36 unit, never before traded, multifamily asset located on the Mississippi Gulf Coast in the city of Gulfport. This property is an excellent opportunity for investors to acquire a cash flowing asset, with plenty of growth potential.
Discover an exceptional opportunity for multifamily investor interested in the growing Gulfport community! This impressive property was built in 2010 and features 6 single-story walk up building, 33,600 ft² of rental space on 2.87 Acres.
Situated in the impressive Orange Grove area, the property boasts a remarkable 96% occupancy rate, reflecting strong tenant demand and stability. With its desirable location, 2 and 3 Bed unit mix, and unique features, this investment presents an ideal choice for investors in this area.
Discover an exceptional opportunity for multifamily investor interested in the growing Gulfport community! This impressive property was built in 2010 and features 6 single-story walk up building, 33,600 ft² of rental space on 2.87 Acres.
Situated in the impressive Orange Grove area, the property boasts a remarkable 96% occupancy rate, reflecting strong tenant demand and stability. With its desirable location, 2 and 3 Bed unit mix, and unique features, this investment presents an ideal choice for investors in this area.
Property Facts
| Price | $3,200,000 | Building Class | C |
| Price Per Unit | $88,889 | Lot Size | 2.87 AC |
| Sale Type | Investment | Building Size | 33,600 SF |
| No. Units | 36 | Average Occupancy | 97% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 2010 |
| Apartment Style | Garden | Parking Ratio | 1.37/1,000 SF |
| Price | $3,200,000 |
| Price Per Unit | $88,889 |
| Sale Type | Investment |
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 2.87 AC |
| Building Size | 33,600 SF |
| Average Occupancy | 97% |
| No. Stories | 1 |
| Year Built | 2010 |
| Parking Ratio | 1.37/1,000 SF |
Unit Amenities
- Dishwasher
- Disposal
- Microwave
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
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The Quarters Apartments | 11350 New Orleans Ave
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