Cambridge Apartments is a Class A Apartment complex with 201 individual units in the popular and growing coastal area of Biloxi-Gulfport, Mississippi. The complex consists of 11 mid-size buildings of 2 and 3 stories, 4 storage buildings, and 1 club house building that houses an exercise room, office rooms, and lush meeting areas. Built in 2002 with $3 million in rehab and upgrades done in 2006. Each unit is separately metered for electrical and water, and all wiring is copper, pitched roofs and composition shingles. Cambridge includes an appealing unit mix comprised of 44 one-bedroom units encompassing 925 square feet, 89 two-bedroom units at 1,277 square feet, and 68 spacious, three-bedroom units at 1,447 square feet, with an overall average unit size of a whopping 1,257 square feet. The grounds are impeccably landscaped, and the gated community amenities include a resort style swimming pool with water fountains, sundeck, covered grilling and picnic areas, beautiful clubhouse, business center with Wi-Fi cafe.Tenants can also lease a garage, clean and wash their cars and pets, and play sand volleyball year round. Sales Info: ■ Commision split: 1.0% Location Description: Access to the area is via Interstate 10 to Lorraine Cowan Road to E. Taylor Road. Property is in NE Gulfport, 2 miles from the Gulf Coast. Gulfport invested $570 million into it's port and is well positioned to take advantage of the increased traffic from the Panama Canal widening project in 2014. Highlights: ■ Rare Class A Opportunity on the Booming Gulf Coast offered free and clear ■ RENTS UP TO 8% BELOW MARKET ■ Vastly superior Amenities than it's direct competitors. ■ Larger units than competition offers increase in rents upside ■ Significantly Larger acreage than direct competitors « show less
Cambridge Apartments is a Class A Apartment complex with 201 individual units in the popular and growing coastal area of Biloxi-Gulfport, Mississippi.... show more »
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