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, (MLS# 4050772)

$1,100,000
Property Type: Res Income Multi-Fam Bedrooms: 99 Square Footage: 47,684 Lot Size (sq. ft.): 121,097 Status: Closed
Current Price: $1,512,000 List Date: 11/01/2023 Last Modified: 12/11/2024

Overview

Description

EXCELLENT GROWTH POTENTIAL! Tall Pines Apartments is a complex comprised of 56 units divided among 7 buildings. All units are 2bed/1bath, 27 units have a washer/dryer combo. A moderate investment for updates and rehab of unoccupied units will provide increased income potential for your investment portfolio. This complex is located in a bustling market in need of rental housing. This property affords so much long-term potential for positive growth. Jackson County is one of the strongest growing counties in Mississippi, which is witnessing incredible economic growth due, much in part, to the Blue Economy. Pascagoula is home to Ingalls Shipbuilding, owned by Huntington Ingalls Industries, the state's largest private, single-site employer, as well as the largest Chevron refinery in the world. Other major industries include the Rolls-Royce Naval Marine, specializing in U.S. Navy ship propulsion, First Chemical/Chemours, and the Singing River Hospitals and Health Systems along the Gulf Coast. The Port of Pascagoula is a full-service deep-water port with modern facilities for handling cargo from around the world. The Port's two harbors include a combination of public and private terminals handling in excess of 32 million tons of cargo through the channel annually. The Port is the largest seaport in Mississippi and ranks nationally in the top 20 ports of foreign cargo volume.

Listing Details MLS# 4050772

General Property Information

# of Units Included in Sale
56
Approx Lot Size Acres
2.78
Approx H/C SqFt
47684
SqFt Source
Public Records
List Price/SqFt
31.71
Year Built
1974
Year Built Source
Public Records
Total Floors
2
Bedrooms Total
99
Bathrooms Full
56
Furnished
No
Accessibility Features
No
New Construction
No
Bathrooms Half
0
Bathrooms Three Quarter
0

Property Features

Structure Type: Lowrise 1-2 Floors Additional Type Details: Apartment Complex Levels: Two Owner Pays: Grounds Care; Insurance; Repairs; Taxes; Trash Collection; Water Tenant Pays: Cooling; Deposit; Electricity; Heating Laundry Features: Common Area; Electric Dryer Hookup; Washer Hookup Cooling: Central Air Heating: Central Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected Sewer: Public Sewer Water Source: Public Foundation Details: Slab Listing Terms: Cash; Conventional Roof: Shingle Exterior Features: None Parking Features: Paved Available Documents: Leases; Marketing Package

Address and Location Information

Parcel Number
4-12-30-154.000
Subdivision
Metes And Bounds
Directions to Property
From Hwy 90 go south on Hospital Rd, left on Bartlet, right on Eden Street, left on Scovel Avenue
N or S of I-10
S
N or S of CSX Railroad Track
S

Listing Information

Listing Service
Full Service

Tax and Financial Information

Tax Annual Amount
19646
Tax Year
2022
Homestead Y/N
No
Additional Exemptions Y/N
No
Zoning
Multiple Family Residential
Flood Insurance Required?
Yes
Leasehold Y/N
No
Association
No
Covenants Y/N
No
Legal Description
COM S/M SCOVEL ST & W/L SEC 18 E 75' FOR POB S 577' E 210' N N 577' W 210' TO POB ALL UNITS IN TALL PINES CONDOS NOW CALLED TALL PINE RENTALS DB 1730-367 (173 MAP853.07-04) '55 UNITS'

Status Change Info

Contract Date/Pending Date
2023-11-30
Closing Date
2023-12-11
Sold Price/SqFt
23.07

More Information

Waterfront Features

Waterfront
No

Showing Requirements

Showing
Appointment Required

Remarks & Miscellaneous

Public Remarks
EXCELLENT GROWTH POTENTIAL! Tall Pines Apartments is a complex comprised of 56 units divided among 7 buildings. All units are 2bed/1bath, 27 units have a washer/dryer combo. A moderate investment for updates and rehab of unoccupied units will provide increased income potential for your investment portfolio. This complex is located in a bustling market in need of rental housing. This property affords so much long-term potential for positive growth. Jackson County is one of the strongest growing counties in Mississippi, which is witnessing incredible economic growth due, much in part, to the Blue Economy. Pascagoula is home to Ingalls Shipbuilding, owned by Huntington Ingalls Industries, the state's largest private, single-site employer, as well as the largest Chevron refinery in the world. Other major industries include the Rolls-Royce Naval Marine, specializing in U.S. Navy ship propulsion, First Chemical/Chemours, and the Singing River Hospitals and Health Systems along the Gulf Coast. The Port of Pascagoula is a full-service deep-water port with modern facilities for handling cargo from around the world. The Port's two harbors include a combination of public and private terminals handling in excess of 32 million tons of cargo through the channel annually. The Port is the largest seaport in Mississippi and ranks nationally in the top 20 ports of foreign cargo volume.

Structure Type

Lowrise 1-2 Floors
Yes

Additional Type Details

Apartment Complex
Yes

Levels

Two
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Utilities

Cable Available
Yes
Electricity Connected
Yes
Sewer Connected
Yes
Water Connected
Yes

Owner Pays

Grounds Care
Yes
Insurance
Yes
Repairs
Yes
Sewer
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Tenant Pays

Cooling
Yes
Deposit
Yes
Electricity
Yes
Heating
Yes

Laundry Features

Common Area
Yes
Electric Dryer Hookup
Yes
Washer Hookup
Yes

Cooling

Central Air
Yes

Heating

Central
Yes

Foundation Details

Slab
Yes

Exterior Construction/Siding

Brick Veneer
Yes

Roof

Shingle
Yes

Exterior Features

None
Yes

Parking Features

Paved
Yes

Available Documents

Leases
Yes
Marketing Package
Yes
Listing Office: Coldwell Banker Alfonso Realty-OS-B/O
Listing Agent: Kim R Bush
Last Updated: December - 11 - 2024
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.