$2,016,000 SALE
209,808 SF
4309 Scovel Avenue
Pascagoula, MS 39581 Stewart Apartments

EXCELLENT GROWTH POTENTIAL! Stewart Apartments is a complex comprised of 72 units divided among 7 buildings: thirty-four 1/1 units, thirty-two 2/1 units, and six 3/1.5 units. A moderate investment for updates and rehab of unoccupied units will provide increased income potential for your investment portfolio. This complex is located in a bustling market in need of rental housing. This property affords so much long-term potential for positive growth. Jackson County is one of the strongest growing counties in Mississippi, which is witnessing incredible economic growth due, much in part, to the Blue Economy. Pascagoula is home to Ingalls Shipbuilding, owned by Huntington Ingalls Industries, the state's largest private, single-site employer, as well as the largest Chevron refinery in the world. Other major industries include the Rolls-Royce Naval Marine, specializing in U.S. Navy ship propulsion, First Chemical/Chemours, and the Singing River Hospitals and Health Systems along the Gulf Coast. The Port of Pascagoula is a full-service deep-water port with modern facilities for handling cargo from around the world. The Port's two harbors include a combination of public and private terminals handling in excess of 32 million tons of cargo through the channel annually. The Port is the largest seaport in Mississippi and ranks nationally in the top 20 ports of foreign cargo volume.

Property Type Multi-Family
Property Use Rental or Investment
Year Built 1975
Level Number 2
Zoning Multiple Family Residential
Tax Year 2022
Listing ID BH5B6F
MLS ID 4050773C
Additional MLS 4050773C
Style Multi-Family (Over 20 Units)
Building Size 209,808 SF
Lot Size 4.82 AC
Taxes $39,480
Property Features
Full Bath: 72
Half Bath: 6
Water: City Water
Sewer: City
Lot Size: 2-5 Acres
Age: 41-50 Years Old