Description
CALLING ALL INVESTORS WHO ARE LOOKING FOR THEIR NEXT DUPLEX TO ADD TO THEIR RENTAL PORTFOLIO! This is a ''one of a kind'' property that rarely hits the market in Biloxi. Just off of Howard Ave and one street west of Seal Ave, you will find this precious 1940'a cottage styled duplex at the end of Oak Grove Place, which is a dead end street with gulf views. Although this property is currently gutted and ready for a re-hab, the current owner has done a lot of pre-work that sets up a new owner for success; with the current architectural design providing 1 bedroom and 1 full bath with high ceilings and fireplace in the living room {see image for current future floor plan}. New windows have been installed, the foundation has been re-shored, new floor decking laid, and studs for framing out the 2 units has begun. Due to it's location, the property also qualifies for the Biloxi Main Street Downtown Housing Incentive which could provide $25,000 PER UNIT {ask for application/details on file}. Upon approval, this grant could be super helpful in finishing this amazing duplex that has endless possibilities for future equity as downtown Biloxi continues to grow and thrive! With an estimated $80k to complete the remodel, you can expect an estimated return to value of $300k to $350k; with rental units that could possibly collect up to $1650/month in rent . . . OR ; you can live in one side, and also have an income producing unit next to you! THIS IS AN OPPORTUNITY THAT YOU DO NOT WANT TO MISS! DON'T WAIT; SCHEDULE YOUR TOUR TODAY!
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2BEDS
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0.16ACRES
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2BATHS
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01/2 BATHS
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1,596SQFT
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$138$/SQFT
Description
CALLING ALL INVESTORS WHO ARE LOOKING FOR THEIR NEXT DUPLEX TO ADD TO THEIR RENTAL PORTFOLIO! This is a ''one of a kind'' property that rarely hits the market in Biloxi. Just off of Howard Ave and one street west of Seal Ave, you will find this precious 1940'a cottage styled duplex at the end of Oak Grove Place, which is a dead end street with gulf views. Although this property is currently gutted and ready for a re-hab, the current owner has done a lot of pre-work that sets up a new owner for success; with the current architectural design providing 1 bedroom and 1 full bath with high ceilings and fireplace in the living room {see image for current future floor plan}. New windows have been installed, the foundation has been re-shored, new floor decking laid, and studs for framing out the 2 units has begun. Due to it's location, the property also qualifies for the Biloxi Main Street Downtown Housing Incentive which could provide $25,000 PER UNIT {ask for application/details on file}. Upon approval, this grant could be super helpful in finishing this amazing duplex that has endless possibilities for future equity as downtown Biloxi continues to grow and thrive! With an estimated $80k to complete the remodel, you can expect an estimated return to value of $300k to $350k; with rental units that could possibly collect up to $1650/month in rent . . . OR ; you can live in one side, and also have an income producing unit next to you! THIS IS AN OPPORTUNITY THAT YOU DO NOT WANT TO MISS! DON'T WAIT; SCHEDULE YOUR TOUR TODAY!