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Moss Point Landing 3800 Hill Ave 32 Unit Apartment Building $1,640,206 CAD ($51,256 CAD/Unit) 9.53% Cap Rate Moss Point, MS 39562
INVESTMENT HIGHLIGHTS
- Many local employers
- low barrier to entry
- Somewhat walkable to shopping and banking
- Semi rural location
EXECUTIVE SUMMARY
Back on Market as of 11/2/25 ! 32Unit Garden style apartments in quiet neighborhood. ... The new local manager is doing a great job and would like to stay if needed. New roofs in 2020 and most of the units have been redone with new kitchens, water heaters, AC heat pumps.... Ample value ads still could be implemented including, pet fees, water RUBS, install coin laundry , add a few STR's.... Gulfport to Mobile market is a strong rental area! Call text Mike for questions 760-578-3989. All offers will be responded to as presented..2025 projected NOI =$112k FYI: Owner will NOT offer any financing. Perfect for local operator who can implement light value adds but start from a place of relative stability....A potential buyer must have 30% or more downpayment in order to obtain debt in this market. Pricing at $36.7 K per door for a stabilized asset is tough to find in any market!
DATA ROOM Click Here to Access
- Operating and Financials
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$335,272
|
$22.06
|
| Other Income |
$2,792
|
$0.18
|
| Vacancy Loss |
$36,294
|
$2.39
|
| Effective Gross Income |
$301,770
|
$19.85
|
| Taxes |
$7,817
|
$0.51
|
| Operating Expenses |
$134,008
|
$8.82
|
| Total Expenses |
$141,825
|
$9.33
|
| Net Operating Income |
$159,945
|
$10.52
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $335,272 |
| Annual Per SF | $22.06 |
| Other Income (CAD) | |
|---|---|
| Annual | $2,792 |
| Annual Per SF | $0.18 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $36,294 |
| Annual Per SF | $2.39 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $301,770 |
| Annual Per SF | $19.85 |
| Taxes (CAD) | |
|---|---|
| Annual | $7,817 |
| Annual Per SF | $0.51 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $134,008 |
| Annual Per SF | $8.82 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $141,825 |
| Annual Per SF | $9.33 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $159,945 |
| Annual Per SF | $10.52 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Heating
- Ceiling Fans
- Refrigerator
- Oven
- Range
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Pet Play Area
- Trash Pickup - Curbside
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | $1,009 CAD | 451 |
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PROPERTY TAXES
| Parcel Numbers | Total Assessment | $73,564 CAD (2024) | |
| Land Assessment | $9,088 CAD (2024) | Annual Taxes | $7,817 CAD ($0.51 CAD/SF) |
| Improvements Assessment | $64,475 CAD (2024) | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,088 CAD (2024)
Improvements Assessment
$64,475 CAD (2024)
Total Assessment
$73,564 CAD (2024)
Annual Taxes
$7,817 CAD ($0.51 CAD/SF)
Tax Year
2025
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Moss Point Landing | 3800 Hill Ave
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