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Multifamily

100% Leased. Zero Vacancy. Proven Demand.

A fully stabilized multifamily community in one of D'Iberville's strongest submarkets.

D'Iberville, Mississippi · Multifamily

Asset Type
40-Unit Multifamily
Occupancy
100% Leased
Status
Stabilized · For Sale
Market
D'Iberville, MS
The Case for This Corner

Why this corner wins.

01

Zero Vacancy, Zero Guesswork

Every unit is leased. The rent roll is the proof — no lease-up risk, no pro-forma gymnastics.

02

A Submarket That Keeps Absorbing Units

D'Iberville's job and retail growth keeps pulling renters in faster than product gets delivered.

03

Income From Day One

A stabilized asset that starts paying the moment you close, not eighteen months later.

04

Minutes From the Region's Retail Core

I-10 and I-110, the Promenade, and the casino corridor are all a short drive from the front gate.

05

Built for a 1031 Landing

Clean, stabilized, and sized right for exchange buyers hunting replacement property on the Coast.

06

Financials on Request

Rent roll, T-12, and expense detail available to qualified buyers under confidentiality.

Property Details

10473 Gorenflo Road, D'Iberville, MS

Gorenflo Road & Lemoyne Blvd

Property Type
Multifamily — Townhomes / Apartments
Total Units
40 Units
Unit Mix
2 Bed / 2.5 Bath + Bonus Room
Zoning
R-4 Multifamily District
Acquisition Options
Purchase
Occupancy
100% Leased
Download Offering PDF ↓
Property Description

This 40-unit multifamily investment offering at 10473 Gorenflo Road presents a rare opportunity to acquire a fully leased, cash-flowing asset in one of the Mississippi Gulf Coast's most dynamic and rapidly expanding markets. Located in D'Iberville — a city that has quickly established itself as the dominant retail and commercial hub of the region — this property delivers immediate income with a strong demand profile and limited vacancy risk.

The property comprises two phases of new construction townhome-style units: 28 existing units and 12 newly completed units, each configured as two-bedroom, two-and-a-half-bathroom residences with a bonus room. All 40 units are fully furnished and have been leased since construction completion, with a documented waiting list for newly delivered units.

Each unit has been finished to attract and retain quality tenants: fully equipped kitchens with stainless steel appliances, granite countertops, hardwood-style flooring throughout, in-unit full-size washer and dryer, spacious primary and secondary bedrooms, and generous closet storage. The quality of the finishes positions this asset above standard market product, supporting premium rents and low turnover.

D'Iberville's Washington Avenue and I-10 corridor is home to virtually every major national retail and restaurant chain on the Gulf Coast, including Target, Walmart, Lowe's, Best Buy, Dick's Sporting Goods, Chick-fil-A, Academy Sports, TJ Maxx, Hobby Lobby, Marshalls, and Walk-On's. Healthcare, banking, self-storage, and automotive services are all within immediate proximity, and Casino Row in Biloxi and MGM Park are minutes away.

With Interstate 10 carrying approximately 80,000 vehicles per day and D'Iberville continuing to attract new commercial investment, the long-term fundamentals supporting multifamily demand in this submarket remain exceptionally strong. This offering represents a stabilized, income-producing asset ideally suited for investors seeking a proven, low-risk acquisition on the Mississippi Gulf Coast.

Listing Broker
Charles Taylor
Commercial Broker | Developer
The Foundation Group
Next Step

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