Address: 2009 & 2057 Waveland Avenue, Waveland MS, 39576
The McEnery Company is pleased to present the 236 unit Gulf Grove and Oak Park Apartment Community for purchase. This is the first time the property has been available in over 10 years. The property is well located on US 90 in Waveland, MS; and book-ended by significant employment bases. Hancock County continues to experience tremendous growth as bedroom coastal community. This is the only significant apartment community not at stabilized occupancy in the immediate MS Coast marketplace.
This value add play is well positioned for long-term value growth, with extensive frontage along a major regional corridor in Highway and within direct proximity to major employment centers such as NASA Stennis Space Center and numerous MS Coast Casinos.
Property SOLD AS IS WHERE IS, with Seller retaining insurance claims.
Pricing: $8,500,000 | $36,017 Per Unit
# of Units: 236 Units
Gross Building Area: +/- 208,718 SF
- 2009 Waveland Ave: 555,729 SF
- 2057 Waveland Ave: 304,358 SF
- Total: +/- 20 Acres (870,062 SF)
- R-3 (Single-Family, Two-Family, Multi-Family Residential)
- C-3 (Commercial Highway)
Amenities: Pool, Tennis Court, Laundry Room, Off-Street Parking, Fitness Center
For further listing information, or to schedule a showing, please contact Parke McEnery (504.236.9542) or Troy Hagstette (504.251.5719)