1215 31ST AVE

GULFPORT, MS 39501
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7 bd, 3 ba | 3,430 sqft | Built in 1930

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List Price
$375,000

Initial Investment

$102,188

Purchase Price

$375,000

Down Payment

25%

Rent

$4,500

Total Return

$159,109

Annualized Return

25.3%

Cap Rate

10.1%

Gross Yield

14.4%

Cash Flow

$15,611

Appreciation

3.7%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

7,405

HOA

None

Flood Risk

Not Required

Welcome to 1215 31st Avenue, Gulfport, MS, a rare dual-dwelling home under one roof, offering 7 bedrooms, 4 bathrooms, and 3,461 sq ft of versatile living space. Originally built in 1930 with a second dwelling added in the 1990s, this unique property provides two separate living areas, each with its own kitchen, making it perfect for multi-generational living, rental income, or a full investment opportunity. Whether you choose to live in one side and rent the other or lease both for double rental income, this property's flexibility is unmatched. Featuring a brick veneer exterior, hardwood floors, ample off-street parking, and architectural shingle roofing, it sits on 0.17 acres in a prime Gulfport location, just minutes from restaurants, beaches, and shopping. Zoned T4+ (General Urban), the options are abundant, allowing for a mix of residential, commercial, or mixed-use development, making this an incredible opportunity for homeowners, investors, or business owners alike. Don't miss your chance to own this coastal gem—schedule your showing today!

See more in Analysis
Pablo Pereyra
901 Realtor
MS Agent License #23667

Annual Financial Highlights

Expected Rent

$51,300

Expenses

-$11,902

Property Taxes

-$3,400

Loan Payments

-$20,387

Net Cash Flow

$15,611

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Christopher Colbert
Agent License S60545
eAgent Preferred
Certified Agent Brokerage:Pablo Pereyra
901 Realtor
MS Brokerage License 23628
SourceMLS United
MLS #4104438
Last Updated: 02/21/2025 11:02
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