UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,596 sqft
Price per Sqft $137
Subdivision Metes And Bounds
MLS Listing ID 4128003
Bedrooms 2
Full Baths 2
Year Built 1944
Annual Tax Amount $1,743
Lot Size 6,969 Sqft
Acres 0.16
Lot Dimensions 104 x 67 x 105 x 67
Source MLS United
Property Description
This is a ''one of a kind'' property that rarely hits the market in Biloxi. Just off of Howard Ave and one street west of Seal Ave, you will find this precious 1940'a cottage styled duplex at the end of Oak Grove Place, which is a dead end street with gulf views.
Although this property is currently gutted and ready for a re-hab, the current owner has done a lot of pre-work that sets up a new owner for success; with the current architectural design providing 1 bedroom and 1 full bath with high ceilings and fireplace in the living room {see image for current future floor plan}. New windows have been installed, the foundation has been re-shored, new floor decking laid, and studs for framing out the 2 units has begun.
Due to it's location, the property also qualifies for the Biloxi Main Street Downtown Housing Incentive which could provide $25,000 PER UNIT {ask for application/details on file}. Upon approval, this grant could be super helpful in finishing this amazing duplex that has endless possibilities for future equity as downtown Biloxi continues to grow and thrive!
With an estimated $80k to complete the remodel, you can expect an estimated return to value of $300k to $350k; with rental units that could possibly collect up to $1650/month in rent . . . OR ; you can live in one side, and also have an income producing unit next to you!
THIS IS AN OPPORTUNITY THAT YOU DO NOT WANT TO MISS! DON'T WAIT; SCHEDULE YOUR TOUR TODAY!
Location
State MS
County Harrison
Interior
Heating See Remarks
Cooling See Remarks
Furnishings Yes
Exterior
Exterior Feature See Remarks
Parking Features Driveway, Gravel
Utilities Available Electricity Available, Sewer Available, Water Available
Waterfront Description View
Roof Type Architectural Shingles
Garage No
Private Pool No
Building
Foundation Chainwall
Sewer Public Sewer
Water Public
Level or Stories One
Structure Type See Remarks
New Construction No
Others
Tax ID 1410l-05-030.000
Virtual Tour https://www.propertypanorama.com/134-Oak-Grove-Place-Biloxi-MS-39530/unbranded
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