407 East 2nd Street

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407 East 2nd Street

Pass Christian, MS 39571
Asking Price
$750K
Asset Type
Residential Land
Class
Class B

AI Property Summary

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

  • The 1.4-acre site is zoned for residential development.
  • Property is located one block from the beach.
  • Offered for sale at a price of $750,000.
  • Positioned on the popular East 2nd Street thoroughfare.
  • Located within the coastal community of Pass Christian, Mississippi.

What's Special

Priced at $750,000, this 1.4-acre residential land parcel occupies a prominent position on East 2nd Street in Pass Christian, Mississippi. The site is situated just one block from the coastline, placing it in a desirable section of the Gulf Coast known for its historic charm and coastal lifestyle. The property offers enough space for a substantial custom home or a multi-unit development, capitalizing on the proximity to local beaches and regional recreation. Pass Christian serves as a quiet, coastal community within the broader Mississippi Gulf Coast market. The area benefits from a steady influx of residents seeking waterfront access and a slower pace of life, while remaining within reasonable driving distance to larger economic hubs. This parcel presents a functional foundation for those looking to build within an established coastal neighborhood.

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NOI
$80,000
Cap Rate
10.67%
DSCR
1.80
Strong
Cash-on-Cash
15.77%
Monthly Payment
$3,710.591
Annual Cash Flow
$35,472.911

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