40-Unit Multifamily Investment Available Now — D’Iberville, MS

Near I-10 | Fully Leased New Construction | Immediate Cash Flow

10473 Gorenflo Road, D’Iberville, MS

Gorenflo Road & Lemoyne Blvd

Unit Mix: 28 units: 2 bed / 2.5 bath + bonus room (existing construction); 12 units: 2 bed / 2.5 bath + bonus room (newly completed construction)

Investment Highlights

  • New Construction, Fully Furnished & 100% Leased: All 40 units are fully furnished and 100% leased, with a documented waiting list for newly completed units — providing immediate, proven cash flow from day one of ownership.
  • Prime Location Near I-10: Strategically located near Interstate 10 in D’Iberville, with approximately 80,000 vehicles passing daily on I-10 and close proximity to Casino Row in Biloxi.
  • Well-Positioned in High-Demand Trade Area: Situated within one of the Gulf Coast’s most active retail and amenity corridors, offering residents walkable access to national retail, dining, healthcare, banking, self-storage, auto services, and educational facilities.
  • Insulated Lease Strategy for Maximum Revenue: The lease strategy has been structured to achieve maximum revenue generation while providing a defensive hedge against economic volatility and market fluctuations.
  • Located in D’Iberville’s Booming Growth Corridor: D’Iberville is rapidly emerging as the premier destination for major retail and restaurant chains on the Mississippi Gulf Coast, driving sustained demand for quality multifamily housing.
  • High-Quality Unit Finishes: All units feature fully equipped kitchens with stainless steel appliances, in-unit washer/dryer, hardwood-style flooring, granite countertops, spacious bedrooms, and ample closet storage.

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, 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. This consistent demand reflects the exceptional quality of the product and the strength of the surrounding rental market. 

Each unit has been thoughtfully finished to attract and retain quality tenants. Interior features include fully equipped kitchens with stainless steel appliances, granite countertop surfaces, 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 the standard multifamily product in the market, supporting premium rents and low turnover.

The property’s location offers residents unparalleled convenience. D’Iberville’s Washington Avenue and I-10 corridor is home to virtually every major national retail and restaurant chain operating on the Gulf Coast, including Target, Walmart+, Lowe’s, Best Buy, Dick’s Sporting Goods, Chick-fil-A, Academy Sports, CBL, TJ Maxx, Hobby Lobby, Marshalls, and Walk-On’s, among many others. Healthcare, banking, self-storage, and automotive services are all within immediate proximity. Casino Row in Biloxi and MGM Park are minutes away, further enhancing the area’s appeal to a broad tenant demographic.

With Interstate 10 carrying approximately 80,000 vehicles per day and the city of 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 multifamily acquisition on the Mississippi Gulf Coast.

Listing Broker

Charles Taylor

Commercial Broker | Developer
The Foundation Group