5101 Orchard Road, Pascagoula, MS, 39581

$3,360,000

5101 Orchard Road Pascagoula, MS 39581

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About this listing

120 Multi-Family Units for Sale - WITH EXCELLENT GROWTH POTENTIAL Eastwood is a townhouse complex comprised of 120 units divided among 30 buildings with one additional building for Office Staff. There are four units per building and all units contain 1 1/2 bath. There are 24 one-bedroom units, 84 two-bedroom units, and 12 three-bedroom units. 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.

  • Building Size

    60,420 sqft

  • Lot Area

    7.6 acres

  • Year Built

    1972

  • Zoning

    Multiple Family Residential

  • MLS ID

    4050771C

DESCRIPTION

  • • Total Rooms: 0
  • • Annual Tax: $ 45062.0
  • • Age: Over 50 Years Old
  • • Lot Size: 5-10 Acres
  • • Sewer: City
  • • Water: City Water

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