REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Richard Hilliard

richard@selectcoasthomes.com +1(228) 257-1857

$350,000

Est. payment - /mo

3,883 SqFt

Save Virtual Tour

UPDATED:

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Square Footage 3,883 sqft

Price per Sqft $90

Subdivision Gulfport City

MLS Listing ID 4152818

HOA Y/N No

Year Built 1968

Annual Tax Amount $4,218

Lot Size 10,890 Sqft

Acres 0.25

Lot Dimensions 100x110

Property Sub-Type Business

Source MLS United

Property Description

**Investment Opportunity - Income-Producing Senior Living Facility | Gulfport, MS** Located at 1924 30th Avenue in Gulfport, Mississippi, this well-maintained commercial property presents an exceptional investment opportunity with an established tenant and immediate cash flow. Currently operating as a senior living facility in partnership with the VA, the property is fully leased with approximately twenty-three (23) months remaining on the current lease and includes a tenant option to renew for an additional three (3) years. The facility underwent a comprehensive remodel completed in February 2026, enhancing the property's functionality, appearance, and long-term value. As part of the improvements, a new sprinkler system was installed, providing added safety and compliance for the facility's operations. The property is thoughtfully designed to accommodate resident care and daily living activities, featuring eleven (11) resident rooms, one (1) full bathroom, two (2) half bathrooms, a kitchenette, dedicated dining room, and two spacious sitting/entertainment areas for residents. Additional amenities include an employee lounge/office, utility room, and storage room, providing efficient functionality for ongoing operations. This turnkey investment offers a strong 9.18% cap rate, making it an attractive addition to any investor's portfolio. The property's established use, stable tenancy, recent upgrades, and favorable lease structure provide both income stability and future growth potential. **Property Highlights:** * Asking Price: $350,000 * Income-producing commercial investment * Currently operating as a senior living facility associated with the VA * Complete remodel finished in February 2026 * New sprinkler system installed * 11 resident rooms * 1 full bathroom and 2 half bathrooms * Kitchenette and dedicated dining area * 2 resident sitting/entertainment rooms * Employee lounge/office * Utility room and storage room * Approximately 23 months remaining on current lease * Tenant option to renew for an additional 3 years * Strong 9.18% cap rate * Convenient Gulfport location Investors seeking stable cash flow and a proven tenant-operated facility will appreciate the value and income potential this property offers. With substantial recent improvements already completed, this property is positioned to deliver reliable returns with minimal immediate capital expenditure requirements.

Location

State MS

County Harrison

Interior

Heating Electric

Cooling Central Air, Electric

Fireplace No

Exterior

Exterior Feature None

Parking Features On Site, On Street, Paved

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

Roof Type Shingle

Garage No

Private Pool No

Building

Lot Description Corner Lot

Foundation Slab

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type None

New Construction No

Others

Tax ID 0811e-01-028.000

Virtual Tour https://www.propertypanorama.com/1924-30th-Avenue-Gulfport-MS-39501/unbranded

Read Less Info

Listed by Coldwell Banker Alfonso Realty-Lorraine Rd

Nearby Locations

GET MORE INFORMATION

Richard Hilliard

+1(228) 257-1857

Broker Associate | License ID: B-24375

Broker Associate License ID: B-24375

1924 30th Avenue Gulfport, MS 39501

Richard Hilliard

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

GET MORE INFORMATION