2718 Bartlett Avenue

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2718 Bartlett Avenue

Pascagoula, MS 39567
Asking Price
$4.56M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment complex featuring 48 individual residential units.
  • Property is situated within a federal Opportunity Zone.
  • Located at 2718 Bartlett Avenue in Pascagoula, Mississippi.
  • Asking price for this asset is set at 4,560,000 dollars.
  • Asset provides significant capacity for workforce housing strategies.

What's Special

Investors seeking value-add multifamily assets will find a viable investment in the Bartlett Bayou Apartments, a 48-unit apartment building situated at 2718 Bartlett Avenue in Pascagoula, Mississippi. This property represents a substantial housing footprint in the Gulf Coast region, positioned within a federally designated Opportunity Zone. The location provides proximity to the industrial and shipbuilding sectors that drive the local Pascagoula economy, making it a functional choice for workforce housing strategies or long-term rental hold portfolios. The asset serves a growing regional demographic that continues to prioritize affordable and accessible living arrangements near major regional employment hubs. By leveraging the tax incentives associated with its Opportunity Zone status, owners can integrate this building into a broader tax-advantaged investment strategy while providing essential multi-family housing in a stable coastal market.

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NOI
$80,000
Cap Rate
1.75%
DSCR
0.30
Underwater
Cash-on-Cash
-13.94%
Monthly Payment
$22,560.392
Annual Cash Flow
$-190,724.704

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