Maison Dedeaux Redevelopment Opportunity

Market Price

205 Jackson Street, Gulfport, MS 39503

For Sale

Unknown Listing Type

Active

Last Updated: 07/30/2024

Details:

Building Size: 33,036 sqft

Lot Area: 4.6 acres

Units: 40

Year Built: 1985

Zoning: R-3

Floors: 2

Roof: Metal

Offered by Broker

Doug Molyneaux

Principal

Molyneaux Group

#21811

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Description:

40 units in need or complete renovation. There is a pad for 8 additional units. The property was purchased out of foreclosure from the USDA. It is very well located and ready for a market developer. The construction quote to completely renovate all of the units including the office and the laundry is @2.4 million.

CREXI auction September 23rd through September 25th.

These units sat empty and abandoned and are in need of a total rehab. Argus Building Company has provided its bid in the amount of $2,398.076 to complete. We have rounded to $2,400,000 in the development proforma. Many of the units have ADA floorplans.