HOWAWI, LLC | 156 Porter Ave
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HOWAWI, LLC 156 Porter Ave
11,291 SF Vacant Office Building Biloxi, MS 39530 £679,949 (£60/SF) 9.15% Net Initial Yield
Executive Summary
Partially Broker owned. Incredible investment opportunity with many recent upgrades/ unit remodels within last two years. Fully rented. Just sit back and collect the cash. This is a no brainer. Ready to view.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
£84,974
|
£7.53
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
£84,974
|
£7.53
|
| Taxes |
£6,386
|
£0.57
|
| Operating Expenses |
£16,310
|
£1.44
|
| Total Expenses |
£22,697
|
£2.01
|
| Net Operating Income |
£62,278
|
£5.52
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | £84,974 |
| Annual Per SF | £7.53 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | £84,974 |
| Annual Per SF | £7.53 |
| Taxes | |
|---|---|
| Annual | £6,386 |
| Annual Per SF | £0.57 |
| Operating Expenses | |
|---|---|
| Annual | £16,310 |
| Annual Per SF | £1.44 |
| Total Expenses | |
|---|---|
| Annual | £22,697 |
| Annual Per SF | £2.01 |
| Net Operating Income | |
|---|---|
| Annual | £62,278 |
| Annual Per SF | £5.52 |
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,291 SF
Building Class
B
Year Built
1950
Price
£679,949
Price Per SF
£60
Net Initial Yield
9.15%
NOI
£62,215
Percent Leased
Vacant
Tenancy
Multiple
Number of Floors
1
Typical Floor Size
11,291 SF
Building FAR
0.55
Lot Size
0.47 AC
Parking
30 Spaces (2.66 Spaces per 1,000 SF Leased)
Amenities
- Central Heating
- Air Conditioning
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PROPERTY TAXES
| Parcel Number | 1310I-01-015.000 | Total Assessment | £57,325 (2024) |
| Land Assessment | £0 (2024) | Annual Taxes | £6,386 (£0.57/sf) |
| Improvements Assessment | £0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
1310I-01-015.000
Land Assessment
£0 (2024)
Improvements Assessment
£0 (2024)
Total Assessment
£57,325 (2024)
Annual Taxes
£6,386 (£0.57/sf)
Tax Year
2023
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HOWAWI, LLC | 156 Porter Ave
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