321 Rodenberg Avenue, Biloxi, MS 39531

Oasis Apartments is a 16-unit multifamily property (15 units with additional 1827 SF 3br/1ba residence) with immediate upside potential. Current rents are significantly below market, offering an opportunity to increase income by over $20,000 annually. Additionally, the property has two unfinished shells that can be converted into one-bedroom apartments with minimal impact on expenses, further increasing revenue. The property is 100% occupied, consist of approximately 10,000 square feet of rentable space on 1.27 acres. and was last renovated in 2006. Offered at $895,000, the asset is priced at $55,938 per unit (excluding the shells) with a proforma cap rate of 12.23%. Representing a projected IRR of 24.95% on a 5-year hold.