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About This Home
This 15-bedroom, 5-bathroom residential multi family at 1423 Jo Ellen Circle in Gulfport, MS is listed for $320,000 ($103 per sqft). Built in 1970, the home offers 3,120 sqft of living space on a 0.20 acres lot.
Investor Opportunity | 5-Unit Apartment Building | Value-Add Potential Unfinished 5-unit apartment building offering exceptional upside for contractors and investors. The structure is in place with five separate apartments, allowing you to finish or reconfigure to maximize income potential.
Planned layout includes: Total (15 bedrooms, 5 bathrooms) Three upstairs units - each with 3 bedrooms, 1 bath, kitchen, and living room Two downstairs units - each with 3 bedrooms, 1 bath, kitchen, and living room Situated on a large lot with a spacious rear backyard.
Concrete parking ready in front for all five units. Major upgrades already completed in 2025: Brand-new metal roof Brand-new wood privacy fence enclosing the entire property Fresh exterior paint Two new French double doors Five new mailboxes This is a contractor/investor special, ideal for finishing as designed or reimagining the layout for maximum rental income. Sold AS IS. Buyer to verify square footage, unit count, and configuration with the City.
Key Features
- Built in 1970
- 0.20 acre lot
- 2 stories
- 8 parking spaces
Property Details
Monthly Cost Estimate
$1,711/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1423 Jo Ellen Circle
Gulfport, MS 39501
Owen Place
Questions & Answers
This 15-bedroom, 5-bathroom residential multi family at 1423 Jo Ellen Circle is listed at $320,000 ($103/sqft). The estimated monthly payment is $1,387 based on 20% down at 6.5% interest.
Key features include: Built in 1970, 0.20 acre lot, 2 stories, 8 parking spaces.
This property is listed by Elizabeth Wackenhut and can be reached at 2513770884 or lizwackenhut@kw.com.