Oakleigh Apartments

Investment Overview

Oakleigh Apartments in Gulfport, MS presents a strong multifamily investment opportunity. The property offers a mix of 2- and three-bedroom units with a location just minutes from the beach and downtown Gulfport. Residents also benefit from nearby shopping, dining, schools, and healthcare services, enhancing long-term renter appeal. With steady population growth and limited apartment supply in the submarket, Oakleigh Apartments is positioned to maintain stable occupancy and deliver consistent returns.

Investment Highlights

• 24 Units | 23,618 Rentable ft²
• Built in 2007 with High Quality Materials including mostly brick building exteriors and concrete parking areas
• Ideal Gulfport location
• Anticipated cash-on-cash just above 6.6% and IRR exceeding 15.8% at the ask price of $2.3M.
• Expense-adjusted T-3 cap rate of 6.97% at the ask price of $2.3M, with a projected Year 1 cap rate of 7.31%, offering immediate positive leverage under new ownership.
• Has maintained a 100% occupancy for the past twelve months.