444 Klondyke Road, Long Beach, MS 39560
444 Klondyke Road, Long Beach, MS 39560
444 Klondyke Road, Long Beach, MS 39560
31
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$244,900
Est. payment /mo
7 Beds
4 Baths
2,010 SqFt
Pending

444 Klondyke Road Long Beach, MS 39560

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Key Details

Property Type Multi-Family

Listing Status Pending

Purchase Type For Sale

Square Footage 2,010 sqft

Price per Sqft $121

Subdivision Metes And Bounds

MLS Listing ID 4151040

Style Ranch

Bedrooms 7

Full Baths 4

Year Built 1970

Annual Tax Amount $2,764

Lot Size 0.590 Acres

Acres 0.59

Lot Dimensions 167' X 204' X 66' X 124' X 68'

Source MLS United

Property Description

PRICE IMPROVEMENT — $244,900, SOLD AS-IS. Fully leased 3-unit income property in the heart of Long Beach producing $2,900 per month — $34,800 annually — with all three units occupied and under lease at closing. At the new price that's a 7.0 gross rent multiplier and a 9.68% cap rate, calculated on actual taxes of $2,764 and actual insurance of $3,814, not estimates. Verify the numbers yourself; they hold up. The main residence (Unit A) is a 3-bedroom, 2-bath home with hardwood, tile, and brick flooring, granite countertops, stainless appliances, a two-car garage, and a private fenced yard. Two additional 2-bedroom, 1-bath apartments sit at the rear of the 0.59-acre lot, each with its own garage and separate driveway — private entrances and genuine separation between tenants, which is exactly why this property holds occupancy the way it does. Central heat and air throughout, architectural shingle roof, public water and sewer. Not in a flood zone — no flood insurance requirement, and that shows up directly in the expense ratio. Total operating expenses run 28.3% of effective gross income with no flood premium and no HOA dues, which is what pushes the return into the high nines. Location drives the rent roll here. Minutes from the Gulf beaches, a short drive to the Pass Road gate of NCBC Gulfport, and inside the Long Beach School District — consistently among the top-rated districts in Mississippi. Military and family tenants, BAH-supported market rents, low turnover, steady demand. This property is being sold AS-IS, WHERE-IS. Seller will make no repairs and offers no warranties of any kind. Inspections are welcome for the buyer's informational purposes only. The price reflects as-is condition. The property cash flows on day one, and the upside belongs to a buyer willing to improve the units over time and push rents toward the top of the Long Beach market. Serious investors, bring your offer. All information deemed reliable but not guaranteed. Buyer to verify all information including but not limited to lease terms, rental amounts, square footage, operating expenses, flood zone status, and school assignments.

Location

State MS

County Harrison

Rooms

Other Rooms Second Residence

Interior

Interior Features Ceiling Fan(s), Stone Counters, Walk-In Closet(s)

Heating Central, Electric

Cooling Central Air, Electric

Flooring Brick, Slate, Wood, Other, See Remarks

Furnishings No

Appliance Dishwasher, Oven, Range, Refrigerator

Exterior

Exterior Feature Other, See Remarks

Parking Features Common, Driveway, Concrete

Garage Spaces 2.0

Utilities Available Cable Available, Electricity Connected, Sewer Connected, Water Connected

Waterfront Description None

Roof Type Architectural Shingles

Porch Patio

Garage No

Private Pool No

Building

Lot Description City Lot, Fenced

Foundation Slab

Sewer Public Sewer

Water Public

Architectural Style Ranch

Level or Stories One

Structure Type Other,See Remarks

New Construction No

Schools

Elementary Schools Wj Quarles

Middle Schools Long Beach

High Schools Long Beach

Others

Tax ID 0611o-04-002.000

Pets Allowed Breed Restrictions, Cats OK, Dogs OK

Virtual Tour https://www.propertypanorama.com/444-Klondyke-Road-Long-Beach-MS-39560/unbranded


MLS United(Mississippi)
Listed by Coldwell Banker Alfonso Realty-Lorraine Rd

NEARBY SCHOOL & BUSINESS

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Madonna Shannon

Madonna Shannon

Agent | License ID: 54315

+1(214) 901-0149

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444 Klondyke Road