- For Sale Subject To Offer
- Property Type Multi-Family
- Property Size 153,000 SF
- Units 128
- Lot Size 20.85 Acre
- Year Built 2003
- Date Updated May 18, 2026
Description
Bay St. Louis is one of the Gulf Coast’s most vibrant and desirable communities, offering investors a unique blend of lifestyle appeal and strong market fundamentals. Known for its lively Old Town district, art scene, white sand beaches, and coastal charm, the city continues to attract both long-term residents and newcomers seeking a balance of small-town character and modern convenience. Bay Crossings Apartments is well positioned to capture this demand, offering spacious two- and three-bedroom units with a strong amenity package in a submarket with limited quality rental supply.
The local economy is supported by a diverse employment base in healthcare, education, tourism, and regional services, while nearby Gulfport and Biloxi provide additional job centers, military installations, and transportation infrastructure. Residents also benefit from access to well-regarded schools, community events, and recreational amenities, making Bay St. Louis an attractive destination for families and professionals alike.
With durable demand drivers, a prime location near US-90 and Old Town, and an enviable coastal lifestyle that is difficult to replicate, Bay Crossings Apartments represents a strong investment opportunity in a market poised for long-term growth and stability.Bay Crossings Apartments in Bay St. Louis, MS represents a compelling multifamily investment opportunity. The property features spacious two- and three-bedroom floor plans with desirable in-unit amenities such as washer/dryer connections, walk-in closets, and private outdoor spaces. Community highlights include a swimming pool with sundeck, resident clubhouse, and playground, offering strong appeal for families and professionals alike.
This property's location near US-90 provides quick access to Old Town Bay St. Louis, with abundant restaurants, shops, and entertainment options, while proximity to schools, healthcare, and major employment centers supports long-term demand. With steady population growth and limited apartment inventory in the coastal Mississippi submarket, Bay Crossings is well positioned to maintain consistent occupancy and deliver reliable returns.
Bay Crossings offers investors the opportunity to acquire a stabilized asset with significant upside, primarily through utilizing a Tenant Based Voucher strategy. We have projected substantial increases to average rent in the first two years of our Pro Forma, with the expectation new ownership chooses to utilize this proven value-add strategy.
INVESTMENT HIGHLIGHTS
Proven Affordable Upside: $300 Room to Raise Rents with Local Housing Collaboration for Tenant Based Vouchers
Well Maintained Asset: Brand New Roofs and $700k in CapEx spent
Historically Strong Occupancy and Collections: Over 90% for 12 Months and 92.4% Collection Rate
Desirable Location: Average HH Income of $80,798 within a 1 Mile radius of the property
Highlights
- 128 Units - Mix of 2 & 3 Bedroom Floorplans
- 153,000 Total SF / 151,296 Rentable SF
- Average Household Income of $80,798 within a 1 Mile Radius
- Built in 2003 - well built & maintained with spacious floor plans and impressive amenities
- Historically strong occupancy & collections - : Over 90% for 12 Months and 92.4% Collection Rate
- Over $700k invested in significant capital improvements in recent years
- Upside of $300 room to raise rents
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Contacts
Andrew Mulhall
SVN | AVAT Realty
Location
Contact Listing Broker
Andrew Mulhall
SVN | AVAT Realty