Westwood Highlights
Turnkey, New Construction Homes: Westwood features 81 3BD, 4BD, & 5BD single-family homes with 2-car garages. The homes were completed in 2022, and the property is over 86% pre-leased.
Increased Demand For SFR Opportunities: According to ATTOM, the Gulfport-Biloxi-Pascagoula Metro area 2024 Annual Gross Rental Yield on single family rentals is 9.2%, an increase of 8.6% from 2023. Rising mortgage rates and high home prices are increasingly driving potential homebuyers towards the SFR market.
Amenity Value-Add Option: New ownership will have the option to add a Swimming Pool or other amenity to the development.
Eula Cove Highlights
Turnkey, New Construction Townhomes: Eula Cove features 50 3BD townhomes with garages. The townhomes were completed in 2023, and the property is 94% pre-leased.
Increased Demand For SFR Opportunities: According to ATTOM, the Gulfport-Biloxi-Pascagoula Metro area 2024 Annual Gross Rental Yield on single family rentals is 9.2%, an increase of 8.6% from 2023. Rising mortgage rates and high home prices are increasingly driving potential homebuyers towards the SFR market.
Luxurious & Spacious Units: Eula Cove offers luxury interior amenities including granite countertops, high ceilings, ceiling fans, private patio, keyless entry, garages, washer/dryer machines, stainless steel appliances, and vinyl plank flooring in units that average 1,543 SF.
Location Highlights
Excellent School System: Ocean Springs, MS is home to an excellent school system, with 7 of its schools ranking 8/10 or better according to Greatschools.org. Biloxi, MS is home to an excellent school system. Biloxi Junior High School and Biloxi High School rank 7/10 or higher, according to Greatschools.org.
$2.4 Billion Ingalls Shipbuilding Contract: Ingalls Shipbuilding, the largest employer in the state of Mississippi, was recently awarded a $2.4 billion contract from the Navy to design and construct an amphibious assault ship known as LHA 9. The contract includes options which could potentially bring the total value of the contract to $3.2 billion.
Staple Mississippi Employers: The Gulfport-Biloxi-Pascagoula metro area is home to some of the state’s largest employers:
#2 Largest Metro In Mississippi: Gulfport-Biloxi-Pascagoula (GBP) is the second-largest metro in Mississippi, behind the state capital of Jackson. The largest employer in the state, Ingalls Shipbuilding, operates in this region. In addition, the region has grown 7.4% since 2020 and has an average cost of living that is 17.4% less than the US average.
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by you ("Prospective Buyer") for the benefit of THE KIRKLAND COMPANY ("Broker"), with respect to certain real property ("Westwood & Eula Cove") located in Ocean Springs & Biloxi, Mississippi.
BACKGROUND:
1 The Offering Memorandum has been prepared by Broker for use by a limited number of parties and does not purport to provide a necessarily accurate summary of the Property or any of the documents related thereto, nor does it purport to be all-inclusive or to contain all of the information which prospective buyer may need or desire. All projections have been developed by Broker and designated sources and are based upon assumptions relating to the general economy, competition, and other factors beyond the control of the Owner and therefore are subject to variation.
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows:
By submitting this form, you have acknowledged, read, and agreed to this above Confidentiality and Brokerage Agreement.
THIS CONFIDENTIALITY AND BROKERAGE AGREEMENT ("Agreement") is made and agreed to by and between THE KIRKLAND COMPANY ("Broker"), and "Prospective Buyer" with respect to the sale of certain real property located in Ocean Springs & Biloxi, Mississippi and known as Westwood & Eula Cove (“Property”).
NOW THEREFORE, the parties agree, in consideration of the covenants and agreements contained herein, as follows: