1924 30th Avenue,Gulfport, MS 39501
Gulfport, MS 39501
Description
**Investment Opportunity - Income-Producing Senior Living Facility | Gulfport, MS** Located at 1924 30th Avenue in Gulfport, Mississippi, this well-maintained commercial property presents an exceptional investment opportunity with an established tenant and immediate cash flow. Currently operating as a senior living facility in partnership with the VA, the property is fully leased with approximately twenty-three (23) months remaining on the current lease and includes a tenant option to renew for an additional three (3) years. The facility underwent a comprehensive remodel completed in February 2026, enhancing the property's functionality, appearance, and long-term value. As part of the improvements, a new sprinkler system was installed, providing added safety and compliance for the facility's operations. The property is thoughtfully designed to accommodate resident care and daily living activities, featuring eleven (11) resident rooms, one (1) full bathroom, two (2) half bathrooms, a kitchenette, dedicated dining room, and two spacious sitting/entertainment areas for residents. Additional amenities include an employee lounge/office, utility room, and storage room, providing efficient functionality for ongoing operations. This turnkey investment offers a strong 9.18% cap rate, making it an attractive addition to any investor's portfolio. The property's established use, stable tenancy, recent upgrades, and favorable lease structure provide both income stability and future growth potential. **Property Highlights:** * Asking Price: $350,000 * Income-producing commercial investment * Currently operating as a senior living facility associated with the VA * Complete remodel finished in February 2026 * New sprinkler system installed * 11 resident rooms * 1 full bathroom and 2 half bathrooms * Kitchenette and dedicated dining area * 2 resident sitting/entertainment rooms * Employee lounge/office * Utility room and storage room * Approximately 23 months remaining on current lease * Tenant option to renew for an additional 3 years * Strong 9.18% cap rate * Convenient Gulfport location Investors seeking stable cash flow and a proven tenant-operated facility will appreciate the value and income potential this property offers. With substantial recent improvements already completed, this property is positioned to deliver reliable returns with minimal immediate capital expenditure requirements.
Details
| MLS # | 4152818 |
|---|---|
| Listing Type | For Sale |
| Style | Business |
| Sub-Type | Resale |
| Status | Active |
| Year | 1968 |
| Days On Site | 68 |
| Listing Provided By | Coldwell Banker Alfonso Realty-Lorraine Rd | Carrie A Fish |
Features
| SQ Feet | 3,883 |
|---|---|
| Story(s) | 1 |
| Zoning | Neighborhood Business |
| Acreage | 0.25 |
Interior
| Cooling | Central Air, Electric |
|---|---|
| Heating | Electric |
Exterior
| Exterior Features | None |
|---|---|
| Roof | Shingle |
| Construction Materials | Brick, Siding |
| Foundation Details | Slab |
| Lot Features | Corner Lot |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | On Site, On Street, Paved |
Utilities
| Utilities | Cable Available, Electricity Connected, Sewer Connected, Water Connected |
|---|
Taxes
| Property | 4218 |
|---|
Area Information
| State | MS |
|---|---|
| County | Harrison |
| City | Gulfport |
| Zip Code | 39501 |
| Area | Harrison |
| Community Name | Gulfport City |
| Listing VS Median (in Gulfport City) | |
Price: $340,000 low | high Med: $99,000 sqft: 3,883 low | high Med: 1,180 $ / sqft: $88 low | high Med: $84 On site: 68 low | high Med: 50 | |
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Learn More About This Property
| State | MS |
|---|---|
| County | Harrison |
| City | Gulfport |
| Zip Code | 39501 |
| Area | Harrison |
| Community Name | Gulfport City |
| Listing VS Median (in Gulfport City) | |
Price: $340,000 low | high Med: $99,000 sqft: 3,883 low | high Med: 1,180 $ / sqft: $88 low | high Med: $84 On site: 68 low | high Med: 50 | |
