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782 Water Street

Biloxi, MS 39530
  • $1,375,000
  • STATUS: Active
  • ON SITE: 20 Days
  • MLS #: 4096981
UPDATED: 37 min ago
$1,375,000
  • 8
    BEDS
  • 0.26
    ACRES
  • 6
    BATHS
  • 1
    1/2 BATHS
  • 3,400
    SQFT
  • $404
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1846
County:
Area:

School Ratings & Info

Description

Introducing Scherer House (Spanish House), a luxury income-producing multi-unit property offering turnkey Airbnb opportunities in the heart of Downtown Biloxi's sought-after Golf Cart District. Originally constructed in the 1700's, this historical gem has been meticulously renovated from top to bottom, blending timeless charm with modern luxury. Key Features - LUXURY MULTI-UNIT PROPERTY: Fully furnished, each unit boasts modern interiors with quartz countertops, high-end appliances, and stackable washers/dryers. MODERNIZED INFRASTRUCTURE: Updated to 2021 commercial fire and building codes, new certificate of occupancy, including new electrical, HVAC systems, roofing, flooring, and sound suppression systems in walls and floors. STATE-OF-THE-ART SECURITY: Equipped with a 360 degree HD camera system and digital locks for tenant safety and peace of mind. ARCHITECTURAL HIGHLIGHTS: Features include iron staircase, four fireplaces, code-compliant windows, and thoughtful restoration of historic details. PRIME LOCATION: Situated within walking distance of Iconic Gulf Coast restaurants like Mary Mahoney's, nightlife and entertainment at Hard Rock Casino and Beau Rivage, MGM Park for professional baseball and concerts, pristine beaches and the vibrant Ground Zero Nightclub. INVESTMENT POTENTIAL: TURNKEY INCOME: Seamless tenant flow with proven Airbnb success. EXPANSION OPPORTUNITIES: Potential to add additional units on the rear of the property for increased financial incentives. CORPORATE RENTAL POTENTIAL: Ideal for conversion to long-term corporate rentals. A UNIQUE OPPORTUNITY. With its unbeatable combination of historical significance, luxury amenities, and development potential, 782 Water Street represents an unparalleled investment opportunity. Whether you're expanding your portfolio, seeking a high-return 1031 exchange, or envisioning a corporate rental hub, the possibilities are endless. Schedule your tour today to explore this one-of-a-kind property and secure your place in Biloxi's thriving market.

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Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams MS Gulf Coast. Data last updated: 2024-12-09T20:57:24.063.
www.southmsgulfcoasthomes.com/homes/157976224
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782 Water Street Biloxi, MS 39530

  • Price: $1,375,000
  • Status: Active
  • On Site: 20 Days
  • Updated: 37 min ago
  • MLS #: 4096981
8
Beds
6
Baths
1
½ Baths
0.26
Acres
3,400
SQFT
$404
$/SQFT
1846
Built
Neighborhood:
Metes And Bounds
County:
Harrison
Area:
Biloxi
Property Description
Introducing Scherer House (Spanish House), a luxury income-producing multi-unit property offering turnkey Airbnb opportunities in the heart of Downtown Biloxi's sought-after Golf Cart District. Originally constructed in the 1700's, this historical gem has been meticulously renovated from top to bottom, blending timeless charm with modern luxury. Key Features - LUXURY MULTI-UNIT PROPERTY: Fully furnished, each unit boasts modern interiors with quartz countertops, high-end appliances, and stackable washers/dryers. MODERNIZED INFRASTRUCTURE: Updated to 2021 commercial fire and building codes, new certificate of occupancy, including new electrical, HVAC systems, roofing, flooring, and sound suppression systems in walls and floors. STATE-OF-THE-ART SECURITY: Equipped with a 360 degree HD camera system and digital locks for tenant safety and peace of mind. ARCHITECTURAL HIGHLIGHTS: Features include iron staircase, four fireplaces, code-compliant windows, and thoughtful restoration of historic details. PRIME LOCATION: Situated within walking distance of Iconic Gulf Coast restaurants like Mary Mahoney's, nightlife and entertainment at Hard Rock Casino and Beau Rivage, MGM Park for professional baseball and concerts, pristine beaches and the vibrant Ground Zero Nightclub. INVESTMENT POTENTIAL: TURNKEY INCOME: Seamless tenant flow with proven Airbnb success. EXPANSION OPPORTUNITIES: Potential to add additional units on the rear of the property for increased financial incentives. CORPORATE RENTAL POTENTIAL: Ideal for conversion to long-term corporate rentals. A UNIQUE OPPORTUNITY. With its unbeatable combination of historical significance, luxury amenities, and development potential, 782 Water Street represents an unparalleled investment opportunity. Whether you're expanding your portfolio, seeking a high-return 1031 exchange, or envisioning a corporate rental hub, the possibilities are endless. Schedule your tour today to explore this one-of-a-kind property and secure your place in Biloxi's thriving market.
Exterior Features

Construction Siding BrickHardiPlank TypeSiding Foundation Details Pillar/Post/Pier Levels Two Parking Features ConcreteParking Lot Roof Shingle Uncovered Parking 1-25 Spaces

Interior Features

1st Suite Size 850.00 2nd Suite Size 850.00 3rd Suite Size 1700.00 Ceiling Height 8' - 10.9' Cooling Central AirElectricMulti UnitsWall Unit(s) Flooring TileVinyl Heating CentralElectric Walls Interior PlasterSheetrock

Property Features

1st Suite Number A 2nd Suite Number B 3rd Suite Number C Accessibility Features YN No Approx Age Code Under 5 Years Association No Auction No Business Type Rental Commercial Features DumpsterFire AlarmFire Sprinkler SystemSmoke Detector(s) Covenants And Restrictions Architectural ReviewHistorical Current Use Multi-Family Expenses Include ElectricInsuranceMaintenanceManagementTaxesTrash RemovalWater/Sewer Flood Insurance Required No Leasehold YN No Listing Terms 1031 ExchangeCashConventional Location CityCity StreetDowntownHistoric Area Lot Features City LotNear BeachNear Golf Course New Construction Yes North Or South Of Csx Railroad Track S North Or South Of I10 S Possible Use CommercialMulti-Family Price Includes All AppliancesAll FurnishingsBuilding and LandBusiness Property Sub Type Other Sewer Public Sewer Tax Annual Amount 3123.00 Tax Year 2023 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedSewer ConnectedWater Connected Water Source Public Zoning Downtown

Listing information © 2024 MLS United.
Listing provided courtesy of Matthew Blaine of Blaine & Co., LLC: (228) 861-5830.



Information is deemed to be reliable but not guaranteed. Copyright 2024 MLS United, LLC. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams MS Gulf Coast. Data last updated: 2024-12-09T20:57:24.063.
 
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