- For Sale Subject To Offer
- Property Type Multi-Family
- Property Size 29,800 SF
- Units 44
- Lot Size 0.91 Acre
- Building Class B
- Year Built 1960
- Year Renovated 2025
- Date Updated May 15, 2026
Description
Strategically positioned within the established Biloxi submarket of the Gulfport-Biloxi-Pascagoula MSA, the property grants residents highly convenient access to the Gulf Coast’s primary employment centers, retail corridors, and lifestyle destinations. The community is just minutes from the beach, Edgewater Mall (the region's premier enclosed shopping destination), and the vibrant Gulf Coast casino corridor, which includes massive hospitality employers like the Beau Rivage and Hard Rock casinos. The local economy is exceptionally robust and diverse, heavily anchored by major economic drivers including Keesler Air Force Base, Ingalls Shipbuilding (the largest employer in Mississippi), Chevron's Pascagoula Refinery, and the tourism industry. This diverse mix of military, industrial, and hospitality sectors ensures a deep, reliable renter pool of service professionals and long-term residents.Seacrest on Southern is a fully renovated, stabilized asset in Biloxi, Mississippi’s established coastal submarket. Originally built in 1960, the property has undergone a comprehensive studs-out renovation in recent years, effectively mitigating the structural concerns typical of assets of this vintage. Currently operating with strong occupancy, Seacrest is well-positioned to deliver durable cash flow and consistent returns, with additional upside through continued rent growth following the completed rehab. Its proximity to Keesler Air Force Base, the Gulf Coast casino corridor, and major healthcare employers supports stable, long-term rental demand.
Highlights
- 100% Occupied with Immediate Cash Flow: The property is fully stabilized and cash-flowing on day one, reflecting strong tenant demand in this coastal market.
- Continued Upside & Rent Growth: Even as a stabilized asset, new ownership has a clear path to force additional yield by pushing current effective rents to market asking rents, and capturing projected organic rent growth of approximately 3% annually.
- Massive Local Economic Drivers: The asset sits within a resilient market backed by monumental employers, including Ingalls Shipbuilding (11,000+ employees and massive ongoing Navy contracts) and Keesler Air Force Base (6,500+ personnel).
- Strategic Coastal Lifestyle Appeal: Located just a half-mile from Biloxi Beach, the property offers residents walkability to the beachfront and easy access to coastal amenities without the premium pricing of newer, high-end coastal developments.
- Turnkey, Fully Renovated Asset: A comprehensive 2025 studs-out renovation drastically limits deferred maintenance and capital expenditure needs, providing a reliable foundation for consistent performance.
False
Contacts
Jason Hyde
SVN | AVAT Realty
Location
Contact Listing Broker
Jason Hyde
SVN | AVAT Realty