1540 Wilkes Avenue, Biloxi, MS 39530
$775,000
Property Type:
Commercial Sale
Bedrooms:
28
Baths:
14
Square Footage:
13,249
Lot Size (sq. ft.):
47,480
Status:
Closed
Current Price:
$1,200,000
List Date:
8/26/2022
Last Modified:
6/30/2023
Description
Have you been Thinking about Acquiring some Rental Property in South MS....Well look no further. Wilkes Ave Apartments are perfect for your next investment! 14 Units in Total, All New Roofs, 2 Bed /1 Bath units, On Site Laundry Facility, Manicured Lawns and Sideway Area, Asphalt Parking Lot, and Beach Views. Wilkes Apartments are in the Desirable Location of 1.5 Blocks of Biloxi Beach and Close to all the the Gulf Coast Casinos, Restaurants, Minor League Baseball Field, Biloxi Upper Elementary, Keesler Air Force Base and Keesler Medical Center as well as Numerous Yearly Activities.
More Information MLS# 4027048
Address and Location Information
Street Number: 1540
Street Name: Wilkes
Street Suffix: Avenue
County: Harrison
State: MS
Zip Code: 39530
Nearest Cross Street: St. Charles Avenue
Parcel Number: 1310l-02-114.000
Subdivision: Bienville Addition
Directions to Property: Beach Blvd to St. Charles, Right on Wilkes Avenue
N or S of I-10: S
N or S of CSX Railroad Track: S
Listing Information
Status: Closed
List Date: 2022-08-26
List Price: $1,200,000
Current Price: $775,000
Property Sub Type: Apartment
Listing Service: Full Service
New Construction: No
Property Condition: Updated/Remodeled
Co-Op and Commission Information
Buyer Agency Compensation: 2.5
Buyer Agency Comp Type: %
General Property Information
Approx Lot Size Acres: 1.09
Lot Size Dimensions: 222.7 x 238.3 x 173.1 x 113.8 x 119.7
Approx H/C SqFt: 13249
SqFt Source: Assessor
List Price/SqFt: 90.57
Year Built: 1960
Year Built Source: Public Records
Total Floors: 2
Bedrooms Total: 28
Bathrooms Total: 14
Bathrooms Full: 14
Fireplace: No
School District: Biloxi Public Dist
Elementary School: Biloxi Upper
High School: Biloxi
Accessibility Features: No
Tax and Financial Information
Tax Annual Amount: 10520
Tax Year: 2021
Zoning: Multiple Family Residential
Flood Insurance Required?: Subject to Survey
Leasehold Y/N: No
Association: No
Legal Description: BEG ON N LINE OF WILKES AVE 91.11 FT W OF ST JOHN ST N 115 FT W 47.55 FT N 96.5 FT W 167.98 FT S 211.5 FT E 215.53 FT TO BEG ALSO S 25 FT OF N 1/2 OF LOTS 3 & 4 PT LOTS 2 - 4 BLK 5 BIENVILLE ADD ALSO E 5 FT OF ALLEY LYING W OF LOT NOW VACATED AS PER BK 216/555
Complex Name: Wilkes Ave Apartments LLC
Remarks & Miscellaneous
Public Remarks: Have you been Thinking about Acquiring some Rental Property in South MS....Well look no further. Wilkes Ave Apartments are perfect for your next investment! 14 Units in Total, All New Roofs, 2 Bed /1 Bath units, On Site Laundry Facility, Manicured Lawns and Sideway Area, Asphalt Parking Lot, and Beach Views. Wilkes Apartments are in the Desirable Location of 1.5 Blocks of Biloxi Beach and Close to all the the Gulf Coast Casinos, Restaurants, Minor League Baseball Field, Biloxi Upper Elementary, Keesler Air Force Base and Keesler Medical Center as well as Numerous Yearly Activities.
Status Change Info
Contract Date/Pending Date: 2023-04-19
Closing Date: 2023-06-30
Sold Price/SqFt: 58.49
Income & Expenses
Annual Electric Expense: 2652
Annual Insurance Expense: 16490
Annual Water/Sewer Expense: 6064
Auction
Auction: No
Showing Requirements
Showing: Appointment Required
Basement Features
Basement: No
Suite Details
1st Suite Number: 1536
2nd Suite Number: 1538
3rd Suite Number: 1540
4th Suite Number: 1542
5th Suite Number: 1544
6th Suite Number: 1546
7th Suite Number: 1548
8th Suite Number: 1550
9th Suite Number: 1552
10th Suite Number: 1554
11th Suite Number: 1556
12th Suite Number: 1558
13th Suite Number: 1560
14th Suite Number: 15620
Property Features
Business Type: Real Estate; Rental; Residential
Current Use: Multi-Family
Structure Type: Multi Family
Lot Features: City Lot; Corner Lot; Front Yard; Near Beach
Levels: Two
Expenses Include: Electric; Insurance; Taxes; Water/Sewer
Walls - Interior: Sheetrock
Flooring: Carpet; Ceramic Tile; Laminate
Window Features: Aluminum Frames
Cooling: Electric
Heating: Electric
Utilities: Cable Available; Electricity Connected; Sewer Connected; Water Connected
Sewer: Public Sewer
Water Source: Public
Foundation Details: Slab
Listing Terms: 1031 Exchange; Cash; Conventional; SBA
Exterior Construction/Siding: Vinyl
Roof: Shingle
Exterior Features: Lighting
Parking Features: Asphalt/Blacktop
Flood Insurance: Subject to Survey
Water Heater: Electric
Available Documents: Leases; Profit & Loss Statement
Disclosures: As Is
Approx Age Code: Older 25+ Years
Uncovered Parking?: 1-25 Spaces
Listing Office: Coldwell Banker Alfonso Realty-BSL
Listing Agent: Lindsey Richard
Last Updated: June - 30 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Information is deemed to be reliable but not guaranteed. Copyright 2022 MLS United, LLC.