Tegarden 485 485 Tegarden Rd 16 Unit Apartment Building $2,662,774 CAD ($166,423 CAD/Unit) 7.41% Cap Rate Gulfport, MS 39507

Matthews Real Estate Investment Services™ is pleased to present the opportunity to acquire 485 Tegarden, a well-maintained and strategically located multifamily community in Gulfport, MS. This asset offers investors an immediate opportunity to acquire scale in a high-demand Gulf Coast market with strong operational fundamentals and minimal deferred maintenance. The property features individually metered units for both electricity and water, allowing for tenant-direct utility billing and eliminating the need for ownership chargebacks. Each unit is equipped with central HVAC systems, in-unit laundry rooms with washer/dryer connections, and full electric service, reducing maintenance complexity and operating costs. The community is 100% electric, with no gas infrastructure, further streamlining utility management. Tenants are responsible for their own water and power bills, and there are no additional charges for pest control or trash, which enhances lease transparency and tenant satisfaction. All units benefit from private laundry facilities, removing the need for shared, on-site laundry amenities. This feature, along with modern unit layouts, positions the property well for sustained tenant demand.