5420 28th Street Gulfport, MS 39501

PRICE IMPROVEMENT — $35,100 REDUCTION. Rare investment opportunity directly across from the north entrance of Naval Construction Battalion Center (NCBC) Gulfport — one of the Gulf Coast's most reliable demand drivers for residential rentals. This 13-unit mixed-use income portfolio spans two adjacent parcels (5400 5420 28th St) and includes twelve 2-bedroom/1-bath units and one 1-bedroom studio. The twelve apartments, located in three residential buildings, are 100% leased and generate $9,000/month ($108,000/year) in current gross rents. At the reduced price that is $53,838 per unit and a 6.48x gross rent multiplier. THE VALUE-ADD THESIS IS ALREADY PROVING OUT. Two units were just re-leased off expired terms at market-tested rents — 5430 D went from $595 to $725/month and 5420 D from $525 to $695/month, both under new leases through September 1, 2027. That is $300/month in new income on two doors alone, plus more than twelve months of contracted revenue for a new owner from closing. Remaining units still sit below Gulfport market rates of $850-$1,100+/month for 2-bedroom units, offering further gains through natural lease turnover with no forced displacement. THREE UNCAPTURED INCOME STREAMS. All current income comes from the twelve apartments. A buyer additionally receives, at no assigned value: a vacant 600 SF commercial space; a non-operating on-site laundry facility; and a vacant studio apartment behind the laundry and commercial space that needs renovation. Each is a near-term income project requiring capital and effort only — no rezoning, no entitlement, no repositioning risk. Renovate and lease the studio, bring the commercial space online, restore the laundry, and continue market-rate turnover, and stabilized gross income potential approaches $13,100+/month. Built 1979, 8,700 SF on 0.62 acres in Kennelworth Park. Combined annual property taxes on both parcels total just $6,456. Water and dumpster service are owner-paid and documented. Zoned commercial/multifamily. Seller is motivated and has demonstrated it with a real price reduction. The file is clean — this property completed a full round of buyer due diligence earlier this summer, so QuickBooks PL, verified rent roll, and executed lease documentation are assembled and available to qualified buyers on request. Ideal for a 1031 exchange buyer, regional multifamily operator, or value-add investor. Do not disturb tenants — showings by appointment only. All information deemed reliable but not guaranteed; buyer to verify all data.