128 Lee Street, Biloxi, MS 39530

$690,000
3
BD
4
BA
1,723
SqFt

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List Price
$690,000
Status
ACTIVE
Days on Market
78
Price Change
▼ $60,000 1787427614
MLS#
4154855
Subtype
Residential
Year Built
1987
Bedrooms
3
Bathrooms
4
Full Baths
2
Living Area
1,723
Lot Size
10,018
Acres
0.23
Subdivision
Metes And Bounds

Property Description

Rare opportunity to own a unique micro-resort compound just minutes from downtown, the harbor, casinos, restaurants, and entertainment. This exceptional property features two rental ready units with immediate income potential and significant upside. Unit A is a beautifully appointed 2-bedroom, 2-bath pool house overlooking a private saltwater pool, spacious cabana, lush tropical landscaping, and a magnificent legacy Live Oak. With private off-street parking, this unit is turnkey and ready for short-term rental or personal use. Unit B offers a 1-bedroom, 1-bath apartment with a private entrance and balcony and has an established history of successful short-term rental income. Unit C is approximately 1,000 square feet, fully gutted and ready for renovation, providing an outstanding value-add opportunity. The space has the potential to accommodate 6-8 guests, creating an additional income-producing unit. Whether you're looking to expand your investment portfolio, operate a boutique vacation rental, or create a private family retreat, this one-of-a-kind compound offers immediate cash flow, future expansion potential, and an unbeatable location. Highlights: • Walkable to beaches, downtown, the harbor, casinos, dining, and entertainment • Private saltwater pool and expansive cabana • Mature tropical landscaping anchored by a stunning Live Oak • Unit A ready for immediate STR operation • Unit B ready for immediate STR operation with proven rental history • Unit C offers exceptional value-add potential • Private entrances and excellent flexibility for owner-occupants or investors

Additional Information

Taxes
$2,253
Flooring
Laminate, Tile
Stories
Two
Roof
Architectural Shingles, Asphalt, Shingle
Pool
Yes
Pool
Yes
Garage Spaces
3

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Calculator source: Real Geeks

Listing courtesy of Shane C Kowalski with Saltwater Realty