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19023 Pineville Road, Long Beach, MS 39560 (MLS# 3323984)

19023 Pineville Road, Long Beach, MS 39560

$1,070,000
Property Type: Res Income Multi-Fam Square Footage: 12,750 Lot Size (sq. ft.): 98,010 Status: Closed
Current Price: $1,150,000 List Date: 8/19/2017 Last Modified: 11/14/2024

Overview

Description

19 fully occupied units in 9 buildings, 9 2/2 units, 10 1/1 units, one storage building. Combination of brick and vinyl sided buildings, most have tile flooring, upscale cabinetry, fully applianced. Each unit has a private court yard in rear with it's own storage shed. All units in great condition. Property has large nicely landscaped green spaces. A very nice complex always fully occupied - several long term residents. VERY STABLE NVESTMENT.

Listing Details MLS# 3323984

General Property Information

# of Units Included in Sale
19
Approx Lot Size Acres
2.25
Lot Size Dimensions
112x544x280x457
Approx H/C SqFt
12750
SqFt Source
Owner
List Price/SqFt
90.19
Year Built
2009
Year Built Source
Public Records
Furnished
No
Complex Name
Pineville Gardens

Property Features

Additional Type Details: Apartment Complex Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Repairs; Taxes Tenant Pays: All Utilities; Cooling; Deposit; Electricity; Heating; Sewer; Trash Collection; Water Covenants And Restrictions: Restrictive Covenants Furnished: Unfurnished Interior Features: Storage Appliances: Dishwasher; Disposal; Oven; Range; Refrigerator Walls - Interior: Sheetrock Flooring: Carpet; Ceramic Tile Laundry Features: Washer Hookup; Other Cooling: Central Air; Electric Heating: Electric Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: Cash; Conventional; SBA Parking Features: Assigned Community Features: Shopping Nearby Water Heater: Electric Lease Term: 12 Months Approx Age Code: Under 25 Years Parking Spaces: 2 Space Unit Available Documents: Cash Flow Analysis; Leases; Maps

Address and Location Information

Street Number
19023
Street Name
Pineville
Street Suffix
Road
County
Harrison
State
MS
Zip Code
39560
Parcel Number
0612c-01-014.000
Subdivision
Metes And Bounds
Directions to Property
from Railroad st in long beach head north on klondyke to pineville rd. pineville gardens is just north of west old pass rd on west side of st.
N or S of I-10
S
N or S of CSX Railroad Track
N

Tax and Financial Information

Tax Annual Amount
13000
Zoning
Multi-Family & Duplex
Flood Insurance Required?
No
Annual Home Insurance
10754
Legal Description
DR: 2006-0008155-D-J1 09/13/2006-WD BEG AT INTER OF W MAR OF PINEVILLE RD & N LINE OF SEC 14 W ALONG SEC LINE 300 FT S 5

Status Change Info

Contract Date/Pending Date
2018-01-17
Closing Date
2018-01-17
Appraised SqFt
12500
Sold Price/SqFt
83.92

More Information

Remarks & Miscellaneous

Public Remarks
19 fully occupied units in 9 buildings, 9 2/2 units, 10 1/1 units, one storage building. Combination of brick and vinyl sided buildings, most have tile flooring, upscale cabinetry, fully applianced. Each unit has a private court yard in rear with it's own storage shed. All units in great condition. Property has large nicely landscaped green spaces. A very nice complex always fully occupied - several long term residents. VERY STABLE NVESTMENT.

Income & Expenses

Annual Net Income
114899
Gross Operating Income
152563

Covenants And Restrictions

Restrictive Covenants
Yes

Additional Type Details

Apartment Complex
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Listing Terms

Cash
Yes
Conventional
Yes
SBA
Yes

Interior Features

Storage
Yes

Owner Pays

Exterior Maintenance
Yes
Grounds Care
Yes
Insurance
Yes
Repairs
Yes
Taxes
Yes

Tenant Pays

All Utilities
Yes
Cooling
Yes
Deposit
Yes
Electricity
Yes
Heating
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Furnished

Unfurnished
Yes

Appliances

Dishwasher
Yes
Disposal
Yes
Oven
Yes
Range
Yes
Refrigerator
Yes

Walls - Interior

Sheetrock
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes

Laundry Features

Washer Hookup
Yes
Other
Yes

Cooling

Central Air
Yes
Electric
Yes

Heating

Electric
Yes

Foundation Details

Slab
Yes

Exterior Construction/Siding

Brick Veneer
Yes
Other
Yes
See Remarks
Yes

Parking Features

Assigned
Yes

Community Features

Shopping Nearby
Yes

Water Heater

Electric
Yes

Available Documents

Cash Flow Analysis
Yes
Leases
Yes
Maps
Yes

Approx Age Code

Under 25 Years
Yes

Parking Spaces

2 Space Unit
Yes

Lease Term

12 Months
Yes
Listing Office: Southern Way Realty
Listing Agent: Alain Harpin
Last Updated: November - 14 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.