Homes for sale - 782 Water Street, Biloxi, MS 39530

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Alisha Cullers

alisha@thecullersgroup.com +1(901) 486-7270

$1,375,000

Est. payment - /mo

8 Beds

7 Baths

3,400 SqFt

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UPDATED:

11/18/2024 05:13 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,400 sqft

Price per Sqft $404

Subdivision Metes And Bounds

MLS Listing ID 4096974

Style Greek Revival,Mediterranean/Spanish

Bedrooms 8

Full Baths 6

Half Baths 1

Originating Board MLS United

Year Built 1846

Annual Tax Amount $3,123

Lot Size 0.260 Acres

Acres 0.26

Property Description

Introducing Scherer House (Spanish House), a luxury income-producing multi-unit property offering turnkey Airbnb opportunities in the heart of Downtown Biloxi's sought-after Golf Cart District. Originally constructed in the 1700's, this historical gem has been meticulously renovated from top to bottom, blending timeless charm with modern luxury. Key Features - LUXURY MULTI-UNIT PROPERTY: Fully furnished, each unit boasts modern interiors with quartz countertops, high-end appliances, and stackable washers/dryers. MODERNIZED INFRASTRUCTURE: Updated to 2021 commercial fire and building codes, new certificate of occupancy, including new electrical, HVAC systems, roofing, flooring, and sound suppression systems in walls and floors. STATE-OF-THE-ART SECURITY: Equipped with a 360 degree HD camera system and digital locks for tenant safety and peace of mind. ARCHITECTURAL HIGHLIGHTS: Features include iron staircase, four fireplaces, code-compliant windows, and thoughtful restoration of historic details. PRIME LOCATION: Situated within walking distance of Iconic Gulf Coast restaurants like Mary Mahoney's, nightlife and entertainment at Hard Rock Casino and Beau Rivage, MGM Park for professional baseball and concerts, pristine beaches and the vibrant Ground Zero Nightclub. INVESTMENT POTENTIAL: TURNKEY INCOME: Seamless tenant flow with proven Airbnb success. EXPANSION OPPORTUNITIES: Potential to add additional units on the rear of the property for increased financial incentives. CORPORATE RENTAL POTENTIAL: Ideal for conversion to long-term corporate rentals. A UNIQUE OPPORTUNITY. With its unbeatable combination of historical significance, luxury amenities, and development potential, 782 Water Street represents an unparalleled investment opportunity. Whether you're expanding your portfolio, seeking a high-return 1031 exchange, or envisioning a corporate rental hub, the possibilities are endless. Schedule your tour today to explore this one-of-a-kind property and secure your place in Biloxi's thriving market.

Location

State MS

County Harrison

Community Boating, Fishing, Near Entertainment, Restaurant, Room For Expansion

Direction Located across the street in front of the Hard Rock Casino and directly behind Mary Mahoney's

Interior

Interior Features Ceiling Fan(s), Crown Molding, Eat-in Kitchen, High Speed Internet, Open Floorplan, Stone Counters

Heating Central, Electric, Natural Gas

Cooling Central Air, Electric, Wall Unit(s)

Flooring Luxury Vinyl, Tile

Fireplaces Type Decorative, Living Room

Furnishings Yes

Appliance Dishwasher, Electric Cooktop, Range Hood, Refrigerator, Tankless Water Heater, Washer/Dryer Stacked, See Remarks

Laundry Electric Dryer Hookup, Lower Level, Upper Level, Washer Hookup

Exterior

Exterior Feature Balcony, Lighting

Parking Features Concrete, Parking Lot

Community Features Boating, Fishing, Near Entertainment, Restaurant, Room for Expansion

Utilities Available Cable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Waterfront Description See Remarks

Roof Type Shingle

Garage No

Private Pool No

Building

Lot Description City Lot, Landscaped, Near Beach, Near Golf Course

Foundation Pillar/Post/Pier

Sewer Public Sewer

Water Public

Architectural Style Greek Revival, Mediterranean/Spanish

Level or Stories Two

Structure Type Balcony,Lighting

New Construction Yes

Others

Tax ID 1410k-03-106.000 And 1410k-03-106.001

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

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Listed by Blaine & Co., LLC

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Alisha Cullers

+1(901) 486-7270

Agent | License ID: 344411, S-55321, SL3541558

Agent License ID: 344411, S-55321, SL3541558

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782 Water Street Biloxi, MS 39530

Alisha Cullers

Key Details

Location

Interior

Exterior

Building

Others

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