$10,100,000 SALE
9.50 AC
2816 Eden Street
Pascagoula, MS 39567

The Lodge, an attractive 209-unit apartment community, sits on 9.5 ac of land located along Eden St near Hwy 90 in Pascagoula, MS. Built in 1973, this property was re-developed in 2010 to include granite countertops, all black appliances, lighting, new plumbing and completely new HVAC systems.

Property Type Multi-Family
Property Use Business for Sale
Year Built 1973
Renovated Year 2010
Lot Dimensions 321X1178X321X1178
Listing ID 5T8HFV
MLS ID non
Style Multi-Family (Over 20 Units)
Lot Size 9.5 AC
Available Date Oct 4th, 2019

Property Highlights

The Lodge offers an outstanding opportunity to invest in a centrally located and renovated property in a market experiencing a robust economy fueled by the unique "Blue Economy". The Gulfport-Biloxi-Pascagoula (GBP) combined statistical area is the second-largest metro in MS. Pascagoula is home to two of the largest employers, Ingall's Shipbuilding and Chevron Refinery. Presently government and military contracts are setting all-time high records for shipbuilding and the supporting industries in Jackson County.

This community presents an excellent opportunity for the investor to benefit from an economically diverse city with several areas of employment including manufacturing, health care, retail trade, education, accommodation and food services, and construction. A significant lack of past and upcoming construction in Pascagoula will keep vacancy levels low and spur further rent growth.

Area Description

Directions: From the East, Hwy 90 to Hospital Rd, right on Hospital Rd, 500' left onto Melton Drive, 0.2 mi, right onto Eden St, 0.6 mi, see apts on left.

Property Features
Age: 41-50 Years Old
Lot Size: 5-10 Acres
Area Demographics