Investment Opportunity – Income-Producing Senior Living Facility | Gulfport, MS

Located at 1924 30th Avenue in Gulfport, Mississippi, this well-maintained commercial property presents an exceptional investment opportunity with an established tenant and immediate cash flow. Currently operating as a senior living facility in partnership with the VA, the property is fully leased with approximately twenty-three (23) months remaining on the current lease and includes a tenant option to renew for an additional three (3) years.

The facility underwent a comprehensive remodel completed in February 2026, enhancing the property's functionality, appearance, and long-term value. As part of the improvements, a new sprinkler system was installed, providing added safety and compliance for the facility's operations.

The property is thoughtfully designed to accommodate resident care and daily living activities, featuring eleven (11) resident rooms, one (1) full bathroom, two (2) half bathrooms, a kitchenette, dedicated dining room, and two spacious sitting/entertainment areas for residents. Additional amenities include an employee lounge/office, utility room, and storage room, providing efficient functionality for ongoing operations.

This turnkey investment offers a strong 9.18% cap rate, making it an attractive addition to any investor's portfolio. The property's established use, stable tenancy, recent upgrades, and favorable lease structure provide both income stability and future growth potential.

Property Highlights:

Asking Price: $350,000
Income-producing commercial investment
Currently operating as a senior living facility associated with the VA
Complete remodel finished in February 2026
New sprinkler system installed
11 resident rooms
1 full bathroom and 2 half bathrooms
Kitchenette and dedicated dining area
2 resident sitting/entertainment rooms
Employee lounge/office
Utility room and storage room
Approximately 23 months remaining on current lease
Tenant option to renew for an additional 3 years
Strong 9.18% cap rate
Convenient Gulfport location

Investors seeking stable cash flow and a proven tenant-operated facility will appreciate the value and income potential this property offers. With substantial recent improvements already completed, this property is positioned to deliver reliable returns with minimal immediate capital expenditure requirements.

Carrie FishCCIM

Commercial Division Director

Latest Listings

6615 Washington Ave, F

1924 30th Ave

Units available in D'Iberville Premier Shopping Development