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530 Beach Boulevard West
Long Beach, MS 39560
Asking Price
$1.60M
Asset Type
Residential Multifamily
Class
Class B
What's Special
Multifamily <p><strong>Rare Gulf-Front Development Opportunity – 2.16± Acres on Beach Boulevard</strong></p><p>Opportunities like this are becoming increasingly scarce. This exceptional <strong>2.16± acre beachfront property</strong> offers a prime location with breathtaking Gulf views and tremendous development potential. Formerly the site of the Beachwood Condominiums prior to Hurricane Katrina, the property consists of <strong>15 separate parcels</strong> that may be developed individually or combined (s
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NOI
$80,000
Cap Rate
5.00%
DSCR
0.84
Underwater
Cash-on-Cash
-3.12%
Monthly Payment
$7,913.453
Annual Cash Flow
$-14,961.439
