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202 Locust St Gulfport MS 39507

Updated: Nov 22, 2019

4 Beds 4 Baths 3200 SqFt Built 1958 Lot .75 Acres (122 X 366 X 11 X 342)

Asking Price: 179K

Great family home with open floor plan, 3 living areas, 3 1/2 bath, large deep lot with patio and outdoor firepit with huge back yard. 2 fireplaces, One area could be inlaw suite with living/bath/laundry. Needs some updating and TLC but new roof in 2006 and new Central Heat and Air in 2016. Bayou View schools and great neighborhood close to Airport, military bases and casinos. 3 miles to StarBucks! Nearby schools are Gulfport High School, Bayou View Jr High, Bayou View Elementary, 75 acres. Huge backyard with brick fireplace for cookouts. 

Present Market Value: $215,000

ARV $350K Expected to increase 10% in the next year.

Estimated Potential Profits: $75K+

Estimated Rehab Cost: $48K

Cash Flow/Rent: $1,700/mo potential to raise after rehab