Gulf Coast Portfolio

This three property portfolio is located in Gulfport and Long Beach Mississippi.Sugar Mill, Julian Manor, and Villas Sur La Riviere is a 234-unit portfolio located in the fast growing Biloxi-Gulfport Metro area. With most of the exterior renovations complete, a new owner will be able to implement a business plan focused primarily on renovating interiors and trimming the loss to lease to solve for rents that are already being achieved at the properties. Sugar Mill consists of 82 units built in 1971. Sugar Mill Apartments is very well located in Gulfport, MS, adjacent to Brickyard Bayou River and Bayou Bernard Marina, and has been renovated with ceramic tile floors in the kitchen and living areas, and LVP flooring in the bedrooms. Sugar Mill has replaced all roofs, the outside stairways have been repainted, and the parking lot has recently been re-surfaced. Julian Manor consists of 48 units built in 1969. Julian Manor is located in a quite, B Quality residential setting in Long Beach, MS and has undergone renovations such as new roofs, fencing around the property, new black window shutters, tile and doors in breezeways, exteriors lights, and have started painting the stairwells an eclectic blue. Villas Sur La Riviera consists of 120 units built in 1970. Villas Sur La Riviere is located in Gulfport, MS and has undergone extensive renovations in excess of $1.2 million. These include new appliances, painting, flooring, kitchen, and bath renovations. Of the 120 units, 91 units have been fully renovated, with one renovation in progress. 28 occupied units remain requiring renovation.