Sold

5420 28th St, Gulfport, MS 39501

Beds
24
Baths
12
Sqft
8,700

View property features, location on map, relevant school information and overview from seller's agent.

Listed byColdwell Banker Alfonso Realty-Lorraine Rd
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Overview

Rare investment opportunity directly across from the north entrance of Naval Construction Battalion Center (NCBC) Gulfport — one of the Gulf Coast's most reliable demand drivers for residential rentals. This 13-unit mixed-use income portfolio spans two adjacent parcels (5400 & 5420 28th St) and includes twelve 2-bedroom/1-bath units and one 1-bedroom studio, generating $8,700/month ($104,400/year) in current gross rents. Property further features a vacant 600 SF commercial space and a non-operating on-site laundry facility — both representing immediate, untapped income streams for a new owner. Current rents run well below Gulfport market rates of $850-$1,100+/month for 2-bedroom units, offering a clear value-add path through natural lease turnover with no forced displacement. Bring the commercial space online, restore the laundry, and stabilized gross income potential approaches $13,100+/month. Combined annual property taxes on both parcels total just $6,456. Water and dumpster service are owner-paid and documented. Ideal for a 1031 exchange buyer, regional multifamily operator, or value-add investor. Zoned commercial/multifamily. Do not disturb tenants — showings by appointment only. All information deemed reliable but not guaranteed; buyer to verify all data.

Location

Full feature list

Basic info

Property type
Other residential
Number of stories
1
Number of bedrooms
24
Number of bathrooms
12
Square feet
8,700
Lot size (acres)
0.62
Year built
1979

Interior features

Laundry
See Remarks

Utilities

Heating
Central, Electric
Cooling
Central Air, Electric
Sewer
Public Sewer
Water
Public Water

Estimated monthly costs

Insurance
$1,094

Taxes

Tax Annual Amount (2025)
$5,694

Public schools

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Sourced from: MLS United MLS®#: 4150839 Last checked:

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