Mississippi Property for Sale
BILOXI BEACHFRONT PROPERTY

BILOXI APARTMENTS - MISSISSIPPI - THE LOCATION

Now is your chance to own a beachfront property in the popular location of Biloxi - well known for the famous Mardi Gras and just a few minutes away from Hard Rock Casino, Beau Rivage. The apartments are situated next door to a top MGM hotel and close to Gulfport Airport with daily flight connections from Atlanta, Dallas and Houston and three times a week from Tampa with connections from Canada and the UK. Attractions in the area and on-site facilities include:

• 26 miles of white sandy beach, watersports, swimming, jet ski rentals, waterpark, deep sea fishing, boating
• shopping, historic areas and museums nearby, casino resorts
• on-site games room, exercise room/gym, games/toys for kids
• amusement park, skateland, cinemas, horse riding and golf nearby
• motorsports, dragway and speedway, bowling, gator ranch, airboat swamp tours and paintball
• NASA Space Centre

BILOXI APARTMENTS - MISSISSIPPI - THE PROPERTIES

• Oak Kitchen Cabinets, Granite Countertops
• Oak Master Bath Vanities, Cultured Marble Bath, Vanity Bathroom Countertops
• Ceramic Tile and Lush Carpeting
• Designer Lighting Fixtures Throughout
• Energy Efficient GE, Refrigerator, Dishwasher, Microwave, Smooth Top Electric Range
• Private Patios and Courtyards
• Ample Parking Spaces
• Secure Gated Entry
• Two Swimming Pools

BILOXI APARTMENTS - MISSISSIPPI - THE INVESTMENT

Access to the Biloxi area has been expanded recently, and the Biloxi-Ocean Springs Bridge is already complete. At the international airport, traffic is up 20% since 2005, and a new $51 million expansion promises to increase terminal space by 8%. These will unleash Biloxi's economic potential, leading to a huge appreciation in real estate values. Casino companies have purchased huge chunks of land in the city, totaling 175 acres, and the industry is expected to employ more than 30,000 staff in the coming months with record revenues reported over the last 11 months.

There is also an immediate need for high quality housing and hotel rooms, as current demand far exceeds supply. More than 60% of casino workers live in rented properties. The expansion of the nearby convention centre will also result in higher nightly and corporate rates in this secondary market. The one thing that's for certain is that when supply runs low and demand shoots up, rental prices can go nowhere but up. That's what is happening in Biloxi today and these Biloxi Apartments can form an important and lucrative part of your property investment portfolio.

Typical annual rental incomes for the apartments are as follows:

• Studios: $11,400 (£7,125)
• 1 bed apts: $15,000 (£9,375)
• 2 bed townhouses: $18,900 (£11,812)

After deduction of maintenance fees and annual property taxes, a studio earning the above income would generate an annual return of over 13% - and remember - these properties are being sold with tenants already in place!

Prices:

• Studios: ground floor $61,630 (£38,500), top floor $68,300 (£42,600) - valued at $71,085 (£44,400)
• 1 bed apts: ground floor $91,750 (£57,300), top floor from $97,500 (£61,000) - valued at $124,498 (£77,800)
• 2 bed townhouses: from $159,800 (£99,875) to $163,600 (£102,200) - valued at $200,034 (£125,000)

STOP PRESS

You can now buy one of these apartments with just a 25% deposit and the balance financed over 25 years. For a studio that means monthly payments as low as $312 (approx £189) a month.

Please send me more details about Biloxi property in Mississippi

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