Wade M. Berlin

Located in one of Gulfports most desirable rental corridors, 5505 16th Ave S presents a rare opportunity to acquire a stabilized, cash flowing triplex with diversified income streams and long term upside. This well maintained NON FLOOD ZONE property offers a total of three units with a strong mix of long term and short term rental income, making it ideal for investors seeking both stability and growth. Also, a great opportunity for those looking to HOUSE HACK and live in one unit and have the other two units cash flow make for free living! Unit 1 features a spacious 3 bedroom, 1 bath layout encompassing 1,086 square feet, currently leased as a long term rental at $2,500 per month. Unit 2 is a 330 square foot studio, also rented long term at $1,500 per month, offering efficient living with strong tenant demand. Unit 3 is a 400 square foot fully furnished studio operating as a short term rental, generating $1,700 per month with an average nightly rate of $80 and approximately 75% occupancy, providing immediate upside through optimized short term management. All three units are serviced by a shared laundry area, adding convenience for tenants and an additional value component for ownership. Major capital improvements include a new roof installed in 2019 and a sewer line replacement in 2019, significantly reducing future maintenance exposure and enhancing long term asset durability. With a compelling blend of reliable long term income and flexible short term rental potential, this property is perfectly positioned for investors looking to maximize returns in a thriving coastal market. Whether held as a stabilized asset or further optimized for increased cash flow, 5505 16th Ave S stands out as a turnkey multifamily opportunity in Gulfport.